Cash Advance Post Bankruptcy Risks

Summary

Taking a cash advance after filing for bankruptcy can result in the debt not being discharged and may be seen as fraudulent by the court. Non-essential expenses, like fitness classes, may be questioned during bankruptcy. Childrens sports expenses might be allowed if deemed necessary. Non-exempt assets can be used to repay creditors, while exempt assets are protected. Insurance proceeds for personal injury are generally exempt, but check Indiana-specific exemptions. Filing for support modification during bankruptcy is possible but may require court approval. Consult a bankruptcy attorney for personalized advice.

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What happens if I take a * cash advance after bankruptcy was files
Hey Renée! Taking a cash advance after filing for bankruptcy can have serious consequences, including:
- The debt may not be discharged, meaning you’ll still owe it.
- The court might view it as fraudulent activity.
- It could impact your bankruptcy case outcome negatively.
It's best to consult with your bankruptcy attorney before taking any financial actions.
Is it wrong to pay for fitness class during bankruptcy
Hi Renée! During bankruptcy, it's important to prioritize essential expenses. Paying for a fitness class might not be considered an essential expense, and it could be questioned by the trustee overseeing your case. It's best to consult with your bankruptcy attorney to understand what expenses are permissible.
What about sport and fitness expenses for my chidren
Case Rating: *
Hi Renée! Generally, expenses for your children's sports and fitness classes are also considered non-essential during bankruptcy. However, the court may allow some flexibility if these expenses are necessary for your children's well-being. It's best to get specific advice from your bankruptcy attorney.
Is there anything else you need help with?
What does it mean for something to be not exempt
Case Rating: *
Hi Renée! In bankruptcy, "not exempt" means that certain assets or property are not protected from being sold to pay off your debts. Non-exempt assets are those that the bankruptcy court can use to repay creditors. Exempt assets, on the other hand, are protected and cannot be taken.
Hope this helps! Do you have any other questions?
Would a check from a supplemental accident plan that paid me for my sons broken back be considered as not exempt
Case Rating: *
Hi Renée! Generally, insurance proceeds for personal injury are considered exempt. However, it's crucial to check with your bankruptcy attorney about specific exemptions in Indiana.
Is there anything else you need help with?
Can I file for support modification during my bankruptcy
Case Rating: *
Hi Renée! You can file for support modification during bankruptcy, but the process may be more complex. The bankruptcy court might need to approve any modifications. It’s best to consult with your bankruptcy attorney to understand the specific steps and implications.
Is there anything else you need help with?