Keeping Savings Safe From Creditors

Where can I place savings that are safe from creditors?

Mel from Ft. Worth, TX

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May 17, 20060 found this helpful

under your mattress

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May 17, 20060 found this helpful

travellers checks, if you have to maintain a savings over a period of time, they are good for either 6 or 12 months. Cash them in and take out new ones, you may have to pay a small fee because you wouldn't be using your own bank.

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May 17, 20060 found this helpful

How about just doing the right thing and paying the people to whom you owe money? Then you wouldn't have to hide anything from anyone.

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May 18, 20060 found this helpful

I think you would feel better if you pay the debt that is rightfully owed.

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May 18, 20060 found this helpful

maybe you should PAY your creditors

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May 18, 20060 found this helpful

I would suggest cash somewhere in your house, or if you have kids you can open a savings account in their name.

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May 18, 20060 found this helpful

This sounds like something highly illegal and not too wise. Records are there and the money can be traced.

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May 18, 20060 found this helpful

Good Luck. I am not perfect. But I understand not everybody can pay all the bills all the time in a timely fashion.

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May 21, 20060 found this helpful

We aren't in debt at all so I don't have to worry about creditors, We don't use banks, I cash my checks at Walmart or a check cashing store, we pay all of our bills in cash or money orders (nice to have receipts right on hand) and keep our cash at home, well hidden.

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June 10, 20060 found this helpful

Are you a criminal? Are you trying to hide assets from your wife and children? Why are you refusing to pay debts you agreed to pay? Grow up and Pay up.

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February 25, 20080 found this helpful

If you hide it under your mattress, your house might burn down. You could always bury it in the backyard, but I guess than a dog might dig it up. Sounds like you are hiding the money from the IRS or an ex-spouse.

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Budget & Finance AdviceMay 17, 2006
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