Hey everyone!
My dad cashed in a life insurance policy he had on me and is giving me the money. The first $1,000 he gave me is going towards my bankruptcy. My first question is with this deposit into my account, will it raise red flags to the trustee and my other question is he's giving me the rest of the money, about $700 through another wire transfer. Will that raise more red flags?
I can hopefully stop the $700 from coming in until after I file. The checklist the lawyer I'm hiring have me states to spend down my account before filing. What shall I do?
My dad cashed in a life insurance policy he had on me and is giving me the money. The first $1,000 he gave me is going towards my bankruptcy. My first question is with this deposit into my account, will it raise red flags to the trustee and my other question is he's giving me the rest of the money, about $700 through another wire transfer. Will that raise more red flags?
I can hopefully stop the $700 from coming in until after I file. The checklist the lawyer I'm hiring have me states to spend down my account before filing. What shall I do?
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