Hello! I need to file BK...I am in AZ where only one spouse can file . My husband's sister gave him $1000 in Feb to help with his dental work. He deposited this in our joint checking acct. She gave him $5000 earlier this month and he deposited it in our joint savings. If I file BK next month are these "gifts" going to be a problem and can they be exempted. Thanks so much.
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First of all, theer is no such thing as a state where only one spouse can file. You may file jointly if necessary.Originally posted by help4mydebts View Post
Yes, these cash gifts are aproblem if, they can't be properly exempted.
You need to consult with a few bk lawyers. Most will give free or low cost initial consultations.
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