Hi,
We have recently decided to file Ch.7, we are no asset (I think), including our house in the bk, not sure if we're filing pro se yet or not.
I have two questions:
1. We opened custodial accounts (UTMAs) for our 3 kids, 3 years ago, and have not put money in them since. We did, however, convert the accounts to 529 accounts last month, with NO additional contributions to the accounts. Are these accounts likely to be safe from our creditors?
2. My father has been gifting us $1,500 a month for the last 3 months to help with our crazy expenses and so that our kids can still do their usual sports and activities. Will those deposits showing up in our joint account statements be a problem, or do we just explain them as gifts?
Thank you so much for any advice you can offer.
We have recently decided to file Ch.7, we are no asset (I think), including our house in the bk, not sure if we're filing pro se yet or not.
I have two questions:
1. We opened custodial accounts (UTMAs) for our 3 kids, 3 years ago, and have not put money in them since. We did, however, convert the accounts to 529 accounts last month, with NO additional contributions to the accounts. Are these accounts likely to be safe from our creditors?
2. My father has been gifting us $1,500 a month for the last 3 months to help with our crazy expenses and so that our kids can still do their usual sports and activities. Will those deposits showing up in our joint account statements be a problem, or do we just explain them as gifts?
Thank you so much for any advice you can offer.
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