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Bankruptcy – Do I Have to Give Away All Of My Cash Before I File?

People usually ask before they file bankruptcy: "Do I have to give away all my cash before I file?" One of the most common myths about filing bankruptcy in Georgia is that you have to give away every single dime you have before you file.  Don't let go of any cash until you finish reading this entire post.When you give away money before filing bankruptcy, a trustee can file a lawsuit against the recipient.  Then, the trustee can use the money to pay a pro rata share to your creditors. The Pre-Bankruptcy Trap Another cash trap that some people fall into is...

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