How much money can I keep in my checking account when filing bankruptcy?

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I'll soon be filing a Chapter 7 bankruptcy. How much money can I keep in my checking account without losing it?

Here's the deal. The trustee assigned to your bankruptcy gets to take your property, including money, for the benefit of your creditors EXCEPT for what you can "exempt". As you can see, "exemptions" are a very important subject. Read on...

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Topics:  Chapter 7, Consumer Bankruptcy

Published In: Bankruptcy Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Malcolm Ruthven | Attorney Advertising

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