FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Name

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Cash On Hand

When you claim bankruptcy – are you allowed a certain amount of cash on hand? would it be so many months times the allowable amount under the Superintendents Guidelines? Please advise,

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Cash On Hand”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

You are able to keep sufficent cash on hand to cover your normal living expenses. Anything you have in excess to this is something that is lost as part of the bankruptcy and delivered to your trustee. Failure to provide this money to your trustee, failure to disclose the presence of any excess cash, or unusual spending of this money prior to the filing of a bankruptcy are all things that can prevent you from being eligible for a bankruptcy discharge, so make sure you are careful in the way you utilize this money.