IRA Contribution prior to Chapter 7

[RGMLM]

I am planning to file Chapter 7 in November 2009. I live in California and I expect I will be over the exempt asset limit that I can keep. One way I could deal with part of this problem is to make a non-deductible IRA contribution for $5k this month (Sept. 2009). It is a nondeductible contribution because my wife participates in her company's 401(k) plan and her income exceeds the IRS limits for a deductible IRA contribution. I am going to discuss this with my attorney but I am curious if any of you have expience with this.

[HHM]

This is one of those big grey areas. Generally, if you are going to make a move like that, you need build in some time before filing.