My buddy has $7,000 in a tax return coming to him. He says he owes over $40,000 in credit cards and will be filing a Chapter 7 because he has been unable to find work for some time. Is there a way he can invest/protect this $7,000 so it isn't taken? He said he wants to put it in something like edvest(?) or another thing for his kids college, can he do that or is there something else he can do to protect the return?
For the responders, Yes, I have told him NOT to file but to try to work it out with creditors instead.
2007-12-27
08:51:26
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9 answers
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asked by
Isaiah
2
in
Personal Finance