Hi all,
My attorney has me really confused. Everywhere i have read points to having as low a balance as possible upon filing. I get paid next Thurs (bi-monthly) and will sign the Ch7 paperwork next Tuesday with a bank balance of around $150 or less. The problem im worried about is that the attorney is telling me that they will file up to a week after we sign the paperwork and not to worry about the balance on filing date, and that the balance when we signed the paperwork is suffiicient.
I asked about the balance on filing day and was told that the trustee will look at that but they know that the account fluctuates thruout the month and that i dont need to worry.
With persoanl property i use up all of exemptions. I did read this online for FL exemptions:
Wages
222.11 - For head of family, 100% of earnings up to $500 a week; Applies to either unpaid or paid wages, or wages deposited in a bank account for up to 6 months.
Would this mean that $1000 or my bi-weekly pay is exempt?
Should i just spend down my paycheck when i receive it next Thursday to be safe?
Thx for the help..
My attorney has me really confused. Everywhere i have read points to having as low a balance as possible upon filing. I get paid next Thurs (bi-monthly) and will sign the Ch7 paperwork next Tuesday with a bank balance of around $150 or less. The problem im worried about is that the attorney is telling me that they will file up to a week after we sign the paperwork and not to worry about the balance on filing date, and that the balance when we signed the paperwork is suffiicient.
I asked about the balance on filing day and was told that the trustee will look at that but they know that the account fluctuates thruout the month and that i dont need to worry.
With persoanl property i use up all of exemptions. I did read this online for FL exemptions:
Wages
222.11 - For head of family, 100% of earnings up to $500 a week; Applies to either unpaid or paid wages, or wages deposited in a bank account for up to 6 months.
Would this mean that $1000 or my bi-weekly pay is exempt?
Should i just spend down my paycheck when i receive it next Thursday to be safe?
Thx for the help..
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