What is the name of your state?What is the name of your state? CA
In all probability I will contact an attorney sometime in August regarding BK as I have a judgment pending.
Before I seek council I need to ask a question that perhaps someone can help me with.
I had to quit working full-time in September 2001 and had to quit paying a number of my bills in October/November 2002 as I was not able to return to work. There are several that I continue to pay. I live on SS Disability and a small ERISA pension from my deceased husband. Where I used to work brings work to me at my home and I earn $152.50 a week before taxes. I believe my SS Disability and ERISA pension are exempt earnings.
My mother is 84 and I am mentioned in her will and she owns a home so I do know to protect myself for the future I will have to file BK.
My question is: In January 2002 I was notified by Prudential Insurance that that the company completed a conversion from a mutual company to a stock company and as part of the conversion they issued stock to eligible owners of the company. I was issued 79 shares which has increased almost 50% since it was issued. Today it is worth a little over $5000.
Can I sell the stock and place $4500. into an IRA at this late date in order to protect those funds from BK? I would be eligible to open an IRA since to do still have a working small income.
Thank you for any assistance.
CAB in CA
In all probability I will contact an attorney sometime in August regarding BK as I have a judgment pending.
Before I seek council I need to ask a question that perhaps someone can help me with.
I had to quit working full-time in September 2001 and had to quit paying a number of my bills in October/November 2002 as I was not able to return to work. There are several that I continue to pay. I live on SS Disability and a small ERISA pension from my deceased husband. Where I used to work brings work to me at my home and I earn $152.50 a week before taxes. I believe my SS Disability and ERISA pension are exempt earnings.
My mother is 84 and I am mentioned in her will and she owns a home so I do know to protect myself for the future I will have to file BK.
My question is: In January 2002 I was notified by Prudential Insurance that that the company completed a conversion from a mutual company to a stock company and as part of the conversion they issued stock to eligible owners of the company. I was issued 79 shares which has increased almost 50% since it was issued. Today it is worth a little over $5000.
Can I sell the stock and place $4500. into an IRA at this late date in order to protect those funds from BK? I would be eligible to open an IRA since to do still have a working small income.
Thank you for any assistance.
CAB in CA