answersLogoWhite

0

How much cash can you keep in bankruptcy?

Updated: 8/17/2019
User Avatar

Wiki User

12y ago

Best Answer

10000 dollars

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much cash can you keep in bankruptcy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you get a cash advance if you in bankruptcy?

No.


Can you keep gifts of money during bankruptcy?

Bankruptcy allows you to exempt cash under state and federal law up to certain amounts. Georgia has a $10k homestead exemption and if you don't own a home or have no equity, you could use the $10k exemption on cash.


Can you file Chapter 7 and keep your house and car?

Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.


What is selective bankruptcy?

Secured debt in Bankruptcy You can't file "selective" bankruptcy, but youcan normally keep property that is security for debts by agreeing to keep paying the debt.If there is too much equity in the property to keep it from the trustee, you may want to consider Chapter 13. Visit my profile/site for more information about Bankruptcy.


Is it safe to do credit card cash advances before file bankruptcy?

Not really. Cash advances can and will be scrutinized by the bankruptcy Trustee for up to ONE YEAR prior to your bankruptcy filing date. If you take a cash advance and then file bankruptcy, that portion of your debt may not be discharged, on top of having to account for why you took it and what you spent the money on.


What would be the motive if a company privatized made a contract forcing workers to make them profitable and then later file for bankruptcy?

The motive of a company to privatize,making a contract then later filing for bankruptcy was to raise cash to keep them a float.


I filed Bankruptcy can I still buy a home?

yes, but it will depend on what you have done since the bankruptcy and of course the lower your score, the higher your interest rate will be. Best thing is to clean up your credit as much as possible and get some revolving and installment accounts. Keep them in good standing. You will need cash down too in this market.


Can I keep my house and car out of a bankruptcy?

You are normally allowed to keep the house you are living in and one car in a bankruptcy.


What happens to your credit rating when you file bankruptcy?

Credit rating plummets when filing for bankruptcy. Bankruptcy should be the last resort and one should try everything to not go bankrupt - keep saving as much as possible.


Can you file bankruptcy on cash advance in Illinois?

One cannot file bankruptcy on a cash advance in Illinois. A cash advance totaling more than $750 taken on within 70 days of your bankruptcy filing, can't be discharge. The reasoning behind this would be an individual would have to prove intention to paying back an advance.


How much cash do bank tellers keep in their drawers on average?

30'000


Can you put your car you paid cash for in bankruptcy if i went to get a title loan on it?

no