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Bankruptcy allows you to exempt cash under state and federal law up to certain amounts. Georgia has a $10k homestead exemption and if you don't own a home or have no equity, you could use the $10k exemption on cash.
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoYou can keep anything as long as you can exempt it- this depends on the exemptions of your particular state. If you have assets (including cash) above the exemption amount then it can be taken by the BK Trustee.
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What can you keep during bankruptcy?
I kept my house & pick up truck
How do you clear your bankruptcy?
pay it off monthly with what money you can or put money away and keep it till you have a bit.
What if Car is paid off during bankruptcy?
then you get to keep it because its not worth anything to the government anymore
What is the best way to get a credit card after bankruptcy?
The best way to get a credit card after bankruptcy is to show a sense of money management to the prospective bank, make money elsewhere and be sure to keep your credit scores going upwards.
Can I keep my house and car out of a bankruptcy?
You are normally allowed to keep the house you are living in and one car in a bankruptcy.
Do you keep your car after you file bankruptcy?
It depends, usually after you file bankruptcy they take all your vehicles but one of them so that way you have one vehicle to get back and forth for emergencies. When you file bankruptcy and have a job, they usually limit the amount of money coming into your household too.
How are gifts a part of Hanukkah?
There is no tradition of gift giving during Channukah. That practice got incorporated into the holiday by some Jews in North America because Channukah falls around the same time of year as Christmas and giving gifts to children helped keep them from feeling left out. Some families exchange presents, and some do not; it's a custom that only started a few decades ago. If gifts are exchanged, some families exchange gifts each night during the 8 nights of the holiday. Other families will choose a single day during the holiday to exchange gifts. It is more traditional to give small amounts of money to children during Channukah than actual gifts.
Can you still claim bankruptcy with a savings account Can I still keep my savings during a BK?
Probably not; it depends on what the court arranges for you.
Do you have to keep gifts in your gifts box when hatching an egg?
No
Will your mom be able to keep any of the money she is about to receive from your dad's death benefits if she files for bankruptcy?
Hello, Jamison here, NOPE
What assets can i keep during bankruptcy in minnesota?
In a typical bankruptcy you are allowed to declare certain assets to be excempt from the bankruptcy. Typically you will be allowed to keep your house (though you may be forced to downsize), a car (again,you may be force you to downsize), and up to a certain limit of other assetts that can be declared except. The details for exemptions can be given to you by <a href="http://www.bolinskelaw.com/">Minneapolis bankruptcy attorneys</a>.
When filing bankruptcy in Calif is it possible to keep a small savings account for emergencies?
ALL money, including CASH HAS to be reported to the bankruptcy court. If you are dishonest in anyway, it can compromise your ability to receive a discharge. It's fraud. AFTER you file bankruptcy, you certainly can start a small savings account; but, not prior. Any money prior would probably be taken to pay creditors by the trustee.
