topic Savings Account Deposit Question in Bankruptcy

Savings Account Deposit Question

Anonymous — Mon, 12 Oct 2015 12:36:50 GMT

Quick question, filed Ch7 on 9/29/15 341 is 11/3/15. Should I be careful as to how much I have in savings? I know the amount I included as an exemption but do I need to worry about keeping it at that level for the meantime or is it ok if I add additional funds if they are available.

Re: Savings Account Deposit Question

BrianKill — Mon, 12 Oct 2015 13:21:42 GMT

@Anonymous wrote:
Quick question, filed Ch7 on 9/29/15 341 is 11/3/15. Should I be careful as to how much I have in savings? I know the amount I included as an exemption but do I need to worry about keeping it at that level for the meantime or is it ok if I add additional funds if they are available.

You can add all you want. The filing date is the hard line in the sand. You could win the Lotto and would be good to go if you bought the ticket after the filing date.

Chapter 13 is diffferent since income earned post filing and pre discharge (5 years after filing) is counted.

Re: Savings Account Deposit Question

Pway — Tue, 13 Oct 2015 04:05:01 GMT

I am pretty sure you are good to go. You can add money into your savings account. They just make sure that one does not have any substantial amount of money in hidden or off shore accounts.