My husband is thinking of filing Chapter 7 bankruptcy. He currently has about $30,000 in credit card debt. I am not filing with him and my name is not shared on anything at all. I have a savings account with the remainder of the money that I pulled out of my retirement fund when I quit working. I use this money to pay bills since I am not working. I chose to quite work and pull my retirement and live off it for as long as possible, after having a baby, rather than paying the high cost of daycare.
Can my savings be taken to repay if my husband files Chapter 7? If I put the money into a CD, can they take that? What can I do to protect my savings?