Did you end up losing anything that your attorney (and you) thought you would keep? I'm wondering what the likelihood of surprises is, even when you think things are well thought out. Thanks.
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Did you lose anything you werent prepared to lose?
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Originally posted by Tom_Mi View PostThe exemption game wasn't as smooth as I was told.
Take 3 months, and EMPTY your bank accounts. Bury the money in a shoe. then let the accounts sit another 3 months before filing.
I have about $15,000 in the bank right now and was looking at filing next Sept/Oct. I thought it was ok to leave it in there as long as it doesn't show up on NEXT month's statement. Do you think I should take it out now and wait even longer to file?
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Originally posted by kathy4530050 View PostReally? What happened? I'm in Michigan too--Western district, how about you?
I have about $15,000 in the bank right now and was looking at filing next Sept/Oct. I thought it was ok to leave it in there as long as it doesn't show up on NEXT month's statement. Do you think I should take it out now and wait even longer to file?
Sorry, I can't tell you how to proceed, but I would have kept my accts between 0 and payday+15%...for about 3months.
I've heard freezers are a good place to keep cash. (that's not advice either)
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Originally posted by Tom_Mi View PostWell, I had about 10k and with 2 cars worth 3,500 and about 1700 equity in a boat, I still owe the trustee about 750. And I truly believe my atty is on top of his game.
Sorry, I can't tell you how to proceed, but I would have kept my accts between 0 and payday+15%...for about 3months.
I've heard freezers are a good place to keep cash. (that's not advice either)1/15/10 Filed ch7 2/18/10 314 meeting
2/22/10 Report of No Distribution
4/20/10 Discharged 5/20/10 Closed!
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Kathy, I had to provide two years of bank statements, 4 yrs of tax returns, 3 yrs of credit card statements, 10 YEARS of real estate transactions where I was a principal...etc., etc.
When you have a business, you get extra scrutiny. When you are over median income too. I don't know if the amount of debt is a trigger or not because I had the other two items, a business and over median income.Filed CH 7 9/30/2008
Discharged Jan 5, 2009! Closed Jan 18, 2009
I am not an attorney. None of my advice is legal advice in any way..
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Originally posted by StartingOver08 View PostKathy, I had to provide two years of bank statements, 4 yrs of tax returns, 3 yrs of credit card statements, 10 YEARS of real estate transactions where I was a principal...etc., etc.
When you have a business, you get extra scrutiny. When you are over median income too. I don't know if the amount of debt is a trigger or not because I had the other two items, a business and over median income.
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Originally posted by Tom_Mi View PostThe exemption game wasn't as smooth as I was told.
Take 3 months, and EMPTY your bank accounts. Bury the money in a shoe. then let the accounts sit another 3 months before filing.
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Originally posted by Doghouse View PostI will have over 12K in my bank accounts when I file and it will be covered by California's wildcard exemptions (up to 21K and change). Also my lawyers says they do NOT require your bank statements in my district here in N. Calif. Not 1 month. Not 6 mths. Not one year. None.
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