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Is there a limit to the amount of money you can keep in the bank after filing for chapter 7?
No. However, you must tell the court the exact amount of any assests you are in possession of. The trustee will ask you about your current bank account, etc. amounts when you have your hearing. It is very, very important to be completely truthful. Anything else might result in the bankruptcy filing being dismissed and possible contempt of court charges.
What else can I help you with?
Is there a income limit for filing chapter 7 for an individual?
No. The question is, do you make enough money to be over the median income for your state, then do your expenses leave you with no income to do a Chapter 13 Plan.
Should you wait to file chapter 13 after tax refund?
Either way they will want a tax return filed before filing for chapter 13. If you are expecting a refund then they will seize it if it is after so to keep the money file first and wait for the return, it will be considered as part of your income. If you owe it is better to know the amount before filing.
Do you need to state life insurance money previously received when filing a Chapter 7?
Here's a link to a great site that will tell you what you can keep in a Chapter 7 filing: http://bankruptcy-law.freeadvice.com/consumer_bankruptcy/property_filing.htm
What is the check limit for this account?
The check limit for this account is the maximum amount of money that can be withdrawn using checks.
What is meant by a credit limit?
Credit limit is the largest amount of money a consumer can charge on a credit card. The amount equals the amount of credit extended to a consumer. Charges over this amount are usually allowed, but expect to pay an "over-the-limit" fee.
Is there a time limit on small claims for injury?
In Georgia the time limit for filing a claim for personal injuries, large or small, is two years from the date of injury. This statute of limitation applies to Superior, State and Magistrate Courts.
What is the maximum amount of money that a credit card can hold?
The maximum amount of money that a credit card can hold is determined by the credit limit set by the card issuer. This limit is based on the cardholder's creditworthiness and financial history.
What are some of the biggest differences between Chapter 11 and Chapter 13 bankruptcy?
There are many stages to the bankruptcy process, each with differing conditionsa and consequences. Chapter 11 is very similar to chapter 13 however there are a few differences, the main one is that there is no limit to the amount of money owed by the debtor. This was a condition mainly concerning large companies however the limits have been extended to individuals as well.
Can you keep your ATV after filing chapter 13?
No, this is a luxury item and the trustee will feel like the money is better spent paying off other dept. I was unable to keep two atv's when I filed chapter 13.
What is The amount of money you can charge to a credit card is called?
The amount of money you can charge to a credit card is called the credit limit. This limit is determined by the credit card issuer based on factors such as your creditworthiness, income, and credit history. Exceeding this limit may result in declined transactions or additional fees.
Can you receive money as a gift after filing chapter 13?
Yes, you can receive money as a gift after filing for Chapter 13 bankruptcy. However, you must report this gift to the bankruptcy court and your trustee, as it could affect your repayment plan. The trustee may consider the gift as disposable income, which could lead to adjustments in your plan. It's advisable to consult with your bankruptcy attorney to understand the implications fully.
What is the IRS limit on sending money to India?
The IRS does not have a specific limit on sending money to India. However, any amount over 10,000 must be reported to the IRS to comply with anti-money laundering regulations.
