What is the name of your state? IL
I am planning on filing chapter 7 in 2 weeks. I had a student loan cosigned by my mother that she has paid off in order to protect her credit ($1800). First- was this OK to do? Secondly- I plan on paying her back...when is it OK for me to do this? I also have a question about the money in my bank account- I have read on here that I should take money out of my account prior to filing...do I have to prove to the trustee where this money has gone? Can I start to pay my mother back prior to filing- in cash? Please advise-I just want to follow the rules...
I am planning on filing chapter 7 in 2 weeks. I had a student loan cosigned by my mother that she has paid off in order to protect her credit ($1800). First- was this OK to do? Secondly- I plan on paying her back...when is it OK for me to do this? I also have a question about the money in my bank account- I have read on here that I should take money out of my account prior to filing...do I have to prove to the trustee where this money has gone? Can I start to pay my mother back prior to filing- in cash? Please advise-I just want to follow the rules...