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Exemption for Severance Pay
That claim could also be property of the estate.
Law Office of Eric Alan Mitnick
21515 Hawthorne Boulevard, Ste. 1080
Torrance, CA 90503
(310) 792-5864 (tel)
(310) 347-4353 (fax)
MitnickLaw@aol.com
Sent from my iPhone
> On May 23, 2018, at 6:07 PM, Patrick Green pat@fitzgreenlaw.com [cdcbaa] wrote:
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> He might have to collect it from his attys E&O carrier.
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> If you have any questions or concerns, please contact me.
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> Pat
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> Patrick T. Green
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> 1010 E. Union St. Ste. 206
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> Pasadena, CA 91106
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> Ph: 626-449-8433
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> Fax: 626-449-0565
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> Email: pat@fitzgreenlaw.com
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>
> CONFIDENTIALITY NOTICE: This e-mail transmission (and/or the attachments accompanying it) may contain confidential information belonging to the sender which is protected by the attorney-client privilege. The information is intended only for the use of the intended recipient. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or the taking of any action in reliance on the contents of this information is strictly prohibited. Any unauthorized interception of this transmission is illegal. If you have received this transmission in error, please promptly notify the sender by reply e-mail, and then destroy all copies of the transmission.
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> Sent: Wednesday, May 23, 2018 4:42 PM
> To: cdcbaa@yahoogroups.com
> Subject: Re: [cdcbaa] Exemption for Severance Pay
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> Its a matter of whether the debtor's right to the severance existed at the time of filing for it to be an asset of the estate..
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> Mark T. Jessee
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> Law Offices of Mark T. Jessee
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> 50 W. Hillcrest Drive, Suite 200
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> Thousand Oaks, CA 91360
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> "We are A Debt Relief Agency"
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> (805) 497-5868
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> (805) 497-5864 Facsimile
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> In a message dated 5/23/2018 4:34:37 PM Pacific Standard Time, cdcbaa@yahoogroups.com writes:
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> Wouldnt the income be postpetition and therefore not part of the estate?
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> Steve Lever
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> Sent: Wednesday, May 23, 2018 1:17 PM
> To: cdcbaa@yahoogroups.com
> Subject: [cdcbaa] Exemption for Severance Pay
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> Hi Everyone,
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> I saw a chapter 7 hearing today and would be interested in knowing the answer to this question.
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> Before the filing of his chapter 7 case, the debtor was told he was being laid off next month or in 2 months.
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> He will receive $140,000 in severance pay.
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> Does anyone know if his severance pay can be protected/exempted?
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The post was migrated from Yahoo.
And whether the severance amount is based upon the years of prepetition employment. There could be an allocation, but it would not be favorable to debtor.
Law Office of Eric Alan Mitnick
21515 Hawthorne Boulevard, Ste. 1080
Torrance, CA 90503
(310) 792-5864 (tel)
(310) 347-4353 (fax)
MitnickLaw@aol.com
Sent from my iPhone
> On May 23, 2018, at 4:42 PM, Mark Jessee jesseelaw@aol.com [cdcbaa] wrote:
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> Its a matter of whether the debtor's right to the severance existed at the time of filing for it to be an asset of the estate..
>
> Mark T. Jessee
> Law Offices of Mark T. Jessee
> 50 W. Hillcrest Drive, Suite 200
> Thousand Oaks, CA 91360
> "We are A Debt Relief Agency"
> (805) 497-5868
> (805) 497-5864 Facsimile
>
>
>
>
> In a message dated 5/23/2018 4:34:37 PM Pacific Standard Time, cdcbaa@yahoogroups.com writes:
>
>
>
>
> Wouldnt the income be postpetition and therefore not part of the estate?
>
>
>
> Steve Lever
>
>
>
> Sent: Wednesday, May 23, 2018 1:17 PM
> To: cdcbaa@yahoogroups.com
> Subject: [cdcbaa] Exemption for Severance Pay
>
>
>
>
>
> Hi Everyone,
>
>
>
> I saw a chapter 7 hearing today and would be interested in knowing the answer to this question.
>
>
>
> Before the filing of his chapter 7 case, the debtor was told he was being laid off next month or in 2 months.
>
> He will receive $140,000 in severance pay.
>
>
>
> Does anyone know if his severance pay can be protected/exempted?
>
>
>
>
>
>
The post was migrated from Yahoo.
Its a matter of whether the debtor's right to the severance existed at the time of filing for it to be an asset of the estate..
Mark T. Jessee
Law Offices of Mark T. Jessee
50 W. Hillcrest Drive, Suite 200
Thousand Oaks, CA 91360
"We are A Debt Relief Agency"
(805) 497-5868
(805) 497-5864 Facsimile
In a message dated 5/23/2018 4:34:37 PM Pacific Standard Time, cdcbaa@yahoogroups.com writes:
Wouldnt the income be postpetition and therefore not part of the estate?
Steve Lever
From:cdcbaa@yahoogroups.com
Sent: Wednesday, May 23, 2018 1:17 PM
To:cdcbaa@yahoogroups.com
Subject: [cdcbaa] Exemption for Severance Pay
Hi Everyone,
I saw a chapter 7 hearing today and would be interested in knowing the answer to this question.
Before the filing of his chapter 7 case, the debtor was told he was being laid off next month or in 2 months.
He will receive $140,000 in severance pay.
Does anyone know if his severance pay can be protected/exempted?
The post was migrated from Yahoo.