Q: How long should I wait before filing chapter 7 after having removed my name from my elderly mothers savings account?
A: You may not need to wait at all if you can prove all the money is hers.
A: A portion of the petition you'll complete to file for bankruptcy protection called the Statement of Financial Affairs will require that you disclose any financial accounts you were on within the last year. I agree with Attorney Keyes that you may not have to delay in filing your case at all if you can show the money was your mothers. A Chapter 7 trustee will have questions regarding the matter but proper documentation should help resolve it.
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