in bankruptcy can you keep any cash

Category: asked July 17, 2021

1 Answer


Practically speaking, a Trustee will allow you to keep sufficient cash to pay for your living expenses such as as rent, food, transportation, etc.

So if you need $3,000 per month to live on but you’ve got $10,000 in the bank, the Trustee will need to seize $7,000 as an asset of the bankruptcy estate.