When is excess cash turned over?

[ccposter]

When is the excess cash above the allowed limit turned over in a chapter 7?

In Oregon debtors are only allowed to keep $400. A lawyer I consulted with told me I turn over all cash above this amount when filing, and I can do anything I want after that - so I am assuming from this if I generate savings above the $400 due to monthly income before discharge I keep that. I am presently collecting unemployment only.

Is this a clear picture of how it works?

[StartingOver08]

The excess cash referred to is the amount of cash you have in all of your bank accounts and cash on hand on the filing date only. Just make sure you have less than $400 total. Any amount earned after the filing date is yours to keep.

[OutofTime]

if you are over 400 due to a tax refund which can be protected, it will be fine, right?