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    savemyss's Avatar
    savemyss Posts: 1, Reputation: 1
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    #1

    Oct 19, 2009, 08:07 PM
    Timeframe after auto injury for bankruptcy
    Hi!
    I was injured in an auto accident and received some money a couple of months ago. I used it to pay back family members and friends from whom I had borrowed money. I also settled some cc debt. I am now under water with my mortgage. I will likely lose my house. So I don't still need to pay for a house I no longer have, bankruptcy is a likely option. I know that bankruptcy investigates funds. How far back do they look? If the money is gone can they not let me be bankrupt if they think I should have used it for something else? How long should I wait after having received (and spent) the money before filing bankruptcy?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Oct 19, 2009, 08:20 PM

    If it's gone and you can prove it, it's gone. Consult with a bankruptcy Attorney.
    twinkiedooter's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
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    #3

    Oct 20, 2009, 03:59 PM

    They go back 6 months to see what money you received and what money you paid out and to whom. A good bankruptcy attorney will advise you when it is a good time to file.
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