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Is it OK to receive wire transfer NOW???

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    Is it OK to receive wire transfer NOW???

    We have a 341 meeting tomorrow. Is it OK to receive a wire transfer of $400 from a friend sometimes next week to a Wells Fargo account? We have Wells Fargo as one of our creditors as well. But for now, all of our Wells Fargo accounts look fine. No freeze or anything
    Thanks

    #2
    I wouldn't do it, because you might see it get sucked up through cross-collateralization. Fancy word that means WF can take from your bank account to settle the unpaid debt they hold with you. Open an account somewhere you don't have any debt.
    Figured out we were in trouble: (Wait, we're in trouble? ) Stopped paying creditors: Aug 2010 Filed Chap 7: Apr 29, 2011 341: Jun 1, 2011 Report of no distribution: Jun 1, 2011 Discharged Aug 2, 2011

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