I've decided to file a Chapter 7. I'm a newbie here and I hope you all don't mind me jumping right in but I have a couple of questions I hope can be answered before I file or definately retain an attorney.
1) I am under a repayment plan at this time with my mortgage company. Will BK affect it the arrangements we have already made if we are doing a straight 7?
2) If I file a 7 before I recieve some money I am expecting in August (about 2K from an inherited deferred comp plan left to me by my father which I plan to use to catch up my mortgage) will I have to disclose it if I don't have my hearing before I recieve the money but after I've actually filed? What if I just sit on the check until after everything is discharged? Will the BK court have a way of knowing about it if I don't deposit it?
3) I have a little money set aside for kids school supplies, clothes, christmas and birthdays. Should I open a savings acct for the kids (both minors) and will the BK court want it if they find out I did that? Also, would it make a difference whether I was listed on the acct as guardian with rights to make withdrawals? The money is actually from a back child support payment I just recieved when the IRS intercepted my ex's refund. I don't think I even have to justify that money, do I? I mean, if I take the money out of my checking that was CS and can show documentation of where it came from, will they exempt it?
1) I am under a repayment plan at this time with my mortgage company. Will BK affect it the arrangements we have already made if we are doing a straight 7?
2) If I file a 7 before I recieve some money I am expecting in August (about 2K from an inherited deferred comp plan left to me by my father which I plan to use to catch up my mortgage) will I have to disclose it if I don't have my hearing before I recieve the money but after I've actually filed? What if I just sit on the check until after everything is discharged? Will the BK court have a way of knowing about it if I don't deposit it?
3) I have a little money set aside for kids school supplies, clothes, christmas and birthdays. Should I open a savings acct for the kids (both minors) and will the BK court want it if they find out I did that? Also, would it make a difference whether I was listed on the acct as guardian with rights to make withdrawals? The money is actually from a back child support payment I just recieved when the IRS intercepted my ex's refund. I don't think I even have to justify that money, do I? I mean, if I take the money out of my checking that was CS and can show documentation of where it came from, will they exempt it?
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