Lap, you are fine. Trustee is looking for assets to grab and sell.
You can easily track the 14,000 and 4,000 is easy to spend in that amount of time just on living expenses.
If, and that is a big IF, the trustee asks, you just be honest and tell him you spend the 4000. on living expenses.
I sold business machinery and assets 8 months before I filed and nothing was even mentioned. I used it to pay annual insurance, etc., all the usual things we tell people to spend it on here on the forum.
I think the worry about spending down money is unnecessary. The key is, make sure there is enough time between getting the money and spending it on living expenses. For instance, you would not say that you spent 10 grand in two months!
The spending has to "make sense." Trustee is looking for an asset you might have bought with the money and then hid.
You can easily track the 14,000 and 4,000 is easy to spend in that amount of time just on living expenses.
If, and that is a big IF, the trustee asks, you just be honest and tell him you spend the 4000. on living expenses.
I sold business machinery and assets 8 months before I filed and nothing was even mentioned. I used it to pay annual insurance, etc., all the usual things we tell people to spend it on here on the forum.
I think the worry about spending down money is unnecessary. The key is, make sure there is enough time between getting the money and spending it on living expenses. For instance, you would not say that you spent 10 grand in two months!
The spending has to "make sense." Trustee is looking for an asset you might have bought with the money and then hid.
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