chapter 7

[washington12]

So yesterday i met with an attorney for a free consultation, he told me I would have the easiest case all day for him. I pretty much own nothing the trustee would want to take. He also said he could start for $600 then finish the rest in payments. So my question for you guys (i may have to ask the attorney) What should i do with my money once the automatic stay happens? I bring in $400 a week more or less and i dont want them to think i have a loads of cash. increase my contribution to 401k? repair my car? pay off his fees to try and lower my bank account balance? And can i do the credit counseling lets say this weekend and file with him in a week? ( I was using a debt management company so i have enough to start with the escrow account i have). Which btw was the dumbest thing i've ever done. I would never use debt management or negotiation companies ever again. THanks for the help in advance, and if you need anymore info i will supply it if i can.

[jonnyc]

Just because you are filing doesn’t mean that you can’t keep money in your account. Depending on where you are, if you own property etc. you might be able to exempt that money or use your wild card exempt. You’d have to consult your attorney for the best advice since they would know your entire situation

[shadanat]

Most people use the money to start building a savings/emergency fund. You trustee is not concerned with you money after you file. They are more concerned of how much you have at the time of filing.

Even bringing home $400 a week you will still have expenses (food, cell phone, insurance if you have a car, utilities, etc)

[washington12]

Good to know. I’m stressing over everything I think I’ll take the credit counseling then file within in a week or so.