I am sitting here on a beautiful Sunday afternoon pondering how to spend down this money is my savings account legally and without causing problems with a trustee. Middle district Florida here. I read pretty much most of the posts and came up with the normal:
Stock the pantries
Dental work
Car repairs
clothes for the kids
AAA membership for my 5 year old car.
Attorney fee/filing fee.
Even with those, I am estimating that I will have about $3500 of non-exempt cash left over.
Anyone have any recent experience with deposting money in my IRA just prior to filing? Maybe open a new one IRA instead of putting it in my existing one just in case it gets reversed I would know the exact amount and wont have to worry about the co-mingling of account funds? I know some states do not permit this within so many days of filing, but I dont see that for Florida.
I know this might be a silly idea, but if I cannot exempt or spend the money, I would rather pay my $1600 a month payments to my 6 creditors over the next two months just so my credit score won't get dinged any worse than it already is. I am current with them all, but about to start the default process next week with them. I know I would have to disclose this, and the trustee will take it back from the creditors, but that would be better than having 6 credit card ding me for the next 2 months.
Stock the pantries
Dental work
Car repairs
clothes for the kids
AAA membership for my 5 year old car.
Attorney fee/filing fee.
Even with those, I am estimating that I will have about $3500 of non-exempt cash left over.
Anyone have any recent experience with deposting money in my IRA just prior to filing? Maybe open a new one IRA instead of putting it in my existing one just in case it gets reversed I would know the exact amount and wont have to worry about the co-mingling of account funds? I know some states do not permit this within so many days of filing, but I dont see that for Florida.
I know this might be a silly idea, but if I cannot exempt or spend the money, I would rather pay my $1600 a month payments to my 6 creditors over the next two months just so my credit score won't get dinged any worse than it already is. I am current with them all, but about to start the default process next week with them. I know I would have to disclose this, and the trustee will take it back from the creditors, but that would be better than having 6 credit card ding me for the next 2 months.
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