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  1. #1
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Bankruptcy Due to Debt Incurred by One Spouse

    I am using our tax return to restart our daughters college account.
    OUR tax return means it’s also his money. That makes it accessible to the trustee. Before doing anything he needs to speak with the bk attorney.
    Would it be wiser to just let my parents hold onto the money until after the bankruptcy?
    do you mean like in illegally hiding money the trustee should have access to? No. Don’t involve your parents in illegal schemes.

    When my husband consults with a bankrupcty attorney, at what point are we "locked" in?
    depending on what finances you are speakingof in particular, he is locked in either 90 days or 1 year prior to filing.


    He needs to discuss his options with the attorney before he does anything foolish and risks bankruptcy being denied due to fraudulent actions.



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