How to get paid in bankruptcy cases

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What happens to extra money I have when going into chapter 7 bankruptcy?

Dec 12, 2008 by Butler to the B | Posted in Personal Finance

I will be prosperous into bankruptcy soon and need to know what happens to any extra money I may have? I live in Illinois. I heard from an attorney that I am skilled to keep $4000 and anything over that I lose. Is this true? and if it is true, when

Go to a casino.
Have a secretly of it, like a receipt for food.
If worse comes to worse, you can say you lost a grand at the casino in the slots (that way you don't get a arrival income). Stuff it in your mattress. You will need a little

Judy | Dec 12, 2008

Go to a casino.
Have a memorial of it, like a receipt for food.
If worse comes to worse, you can say you lost a grand at the casino in the slots (that way you don't get a sales slip). Stuff it in your mattress. You will need a little emergency
Judy | Dec 12, 2008

you must say all assets as well as debts in Federal court. Yes they will ask for the money to settle some accounts that you owe or divide the money up among all creditors
golferwhoworks | Dec 12, 2008

Any "collateral" money should be used to pay your debts.
monicanena | Dec 12, 2008

If you have more money in your pockets then why are you filing for bankruptcy? Pay off your debts.
*Cara* | Dec 12, 2008

Can you reopen a discharged and closed bankruptcy?

May 24, 743 by Dee | Posted in Credit

My bankruptcy was discharged and closed in Parade of 2008. A couple months ago I found out I had a creditor still requesting money that I didn't know about, and was not present on my merit report when I first filed. I was wondering if I could reopen

No you can not re-unconcealed a discharged bankruptcy.

| May 24, 2199

Bankruptcy and bad checks?

Oct 26, 2007 by scarlet rose | Posted in Law & Ethics

I wrote about 10 bad checks 4.5 years ago. (yes I comprehend I was stupid) I filed bankruptcy on them. The lawyer did tell me they may or may not accept it. After I filed, the store never contacted me. On a whim, I contacted them today. They said I still

Review bad checks is against the law. When you filed for bankruptcy it did not affect the checks. You still have to pay the penalty for them because you broke a law. The statute of limitations on bogus checks is broadly 5 years. The merchant can send

Mandy | Oct 26, 2007


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