Cash on the day and during bankruptcy
June 2nd, 2006 by Questions
1. How much cash is a single person allowed to keep on the day of bankruptcy ? Would it be $1750 (the legal exempt) ?
2. How much cash am I allow to have during bankruptcy ?
If my income is $1700 per month but I spend only $1300, after 9 months I will have savings of $3600 plus whatever I had on the day of bankruptcy. Would all or part of that money have to be turned over to the trustee ?