Guaranteed Investment Certificates
September 27th, 2005 by Questions
Hello – Are you allowed to keep any cash on hand when you file for bankruptcy.
I am thinking about claiming bankruptcy and I have 3 thousand dollars in GICs. I was saving this money for my daughters wedding. Can I gift her that money before I go into bankrupcy. If not, can I spend that money on household expenses (groceries, car repairs) before I go into bankruptcy because I have maxed out everywhere else. Thanks so much.