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Child Support and Exemptions
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By the way, child support is NOT property of the child under CA law. It is
"property" of the child's guardian, parent or custodian.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Matt Resnik
Sent: Tuesday, April 07, 2009 3:14 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Child Support and Exemptions
I have a client who is owed $100,000 in child Support. Might be collectible
as the one who owes the money is a Actor who will inevitably pay up on the
back support.
I am having a brain freeze here...but...
Is the Child Support something that could be fully exempt in a Chapter 7?
Matthew D. Resnik
Attorney at Law
Simon and Resnik LLP
449 S. Beverly Drive
Suite 210
Beverly Hills, Ca
90212
T:310-788-9777
F: 310-788-0017
Matt@resniklaw. com
www.simonresnik.com
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Message
By the way, child support
is NOT property of the child under CA law. It is "property" of the child's
guardian, parent or custodian.
David A.
Tilem
Certified Bankruptcy
Specialist*
The post was migrated from Yahoo.
charset="windows-1251"
Only exemption is in 703.140 - to the extent reasonably necessary.
No comparable 704 exemption
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
The post was migrated from Yahoo.
I have a client who is owed $100,000 in child Support. Might be collectible as the one who owes the money is a Actor who will inevitably pay up on the back support.
I am having a brain freeze here...but...
Is the Child Support something that could be fully exempt in a Chapter 7?
Matthew D. Resnik
Attorney at Law
Simon and Resnik LLP
449 S. Beverly Drive
Suite 210
Beverly Hills, Ca
90212
T:310-788-9777
F: 310-788-0017
Matt@resniklaw.com
www.simonresnik.com
The post was migrated from Yahoo.