answersLogoWhite

0

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.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

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 can you keep during bankruptcy?

I kept my house & pick up truck


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.


What if Car is paid off during bankruptcy?

then you get to keep it because its not worth anything to the government anymore


What if you will receive money from a class action lawsuit 5 years after ch 7 bankruptcy The suit began during the time you were filing but you were not aware of it You are just a member of the class?

If you receive money from a class action lawsuit five years after filing for Chapter 7 bankruptcy, the outcome depends on the timing and nature of the funds. Generally, any assets or income acquired after the bankruptcy filing are yours to keep, as they are not part of the bankruptcy estate. However, if the lawsuit was initiated before your bankruptcy and the funds are considered part of the estate, the bankruptcy trustee may have a claim to those proceeds. It's advisable to consult a bankruptcy attorney to understand your specific situation and any potential implications.


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.


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


Do you have to keep gifts in your gifts box when hatching an egg?

No


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.


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>.


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.