Residence

Posted on Wednesday, July 16, 2008

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I`m a young adult currently living with my parents. I have to move out but I can`t afford it because of my debt. If I claim bankruptcy before moving out of my parent`s home, will I be left with enough money to pay for rent and living expenses?

Filed under: Bankruptcy
 posted by Questions @ 6:03 pm
1 Expert Comment:

 At July 17, 2008 | 3:12 pm , Barton Goth GCO Bankruptcy Trustees Said...

Any cash on hand you may have will have to be paid into your trustee upon filing of the bankruptcy. Following that you will have monthly payments that must be made during the bankruptcy and are fixed based on your level of income. After that has been paid, if you have sufficient to move out on your own then there is nothing relating to the bankruptcy that will prevent you from doing so.

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