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Schedule F and exempt income
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Carolyn:
Section 521 is vague and provides no guidance. Rule 1007 defers to the
Official Forms. You have to read the forms very carefully to get the
answer to your question. Without actually looking at the forms, my
guess is that you need to include the income.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem
500 N. Brand Blvd., #460, Glendale, CA 91203
Tel: 818-507-6000 Fax: 818-507-6800
* Personal & small business bankruptcy specialist cert. by State Bar of
CA Bd of Legal Specialization.
Sent: Thursday, April 01, 2004 11:10 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Schedule F and exempt income
Hi Group: I am really enjoying the sense of support and super brain
power on these issues. My question: Is it the better practice (or only
way to go) to list income that the debtor is claiming as exempt
(veterans benefits, public benefits, soc. sec., etc.) on Schedule I?
Does the trustee object when the total of such income when added to the
non-exempt income (from employment) makes it appear that the D should do
a Ch 13 because there is more income than necessary expenses? Thank you
and best regards to all, CF
_____
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The post was migrated from Yahoo.
Thank you Raymond, CF
----- Original Message -----
To: 'cdcbaa@yahoogroups.com'
Sent: Thursday, April 01, 2004 5:34 PM
Subject: RE: [cdcbaa] Schedule F and exempt income
Income from whatever source should be listed if it contributes to debtor's ability to pay.
Ray Bulaon
-----Original Message-----
Sent: Thursday, April 01, 2004 11:10 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Schedule F and exempt income
Hi Group: I am really enjoying the sense of support and super brain power on these issues. My question: Is it the better practice (or only way to go) to list income that the debtor is claiming as exempt (veterans benefits, public benefits, soc. sec., etc.) on Schedule I? Does the trustee object when the total of such income when added to the non-exempt income (from employment) makes it appear that the D should do a Ch 13 because there is more income than necessary expenses? Thank you and best regards to all, CF
-
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Thank you Raymond, CF
----- Original Message -----
From:
Raymond Bulaon
To: 'cdcbaa@yahoogroups.com'
Sent: Thursday, April 01, 2004 5:34
PM
Subject: RE: [cdcbaa] Schedule F and
exempt income
Income from whatever source should be listed if it
contributes to debtor's ability to pay.
Ray Bulaon
-----Original Message-----From: Carolyn Fergoda
[mailto:cmfergoda@earthlink.net]Sent: Thursday, April 01, 2004
11:10 AMTo:
The post was migrated from Yahoo.
charset="ISO-8859-1"
Income from whatever source should be listed if it contributes to
debtor's ability to pay.
Ray Bulaon
Sent: Thursday, April 01, 2004 11:10 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Schedule F and exempt income
Hi Group: I am really enjoying the sense of support and super brain power on
these issues. My question: Is it the better practice (or only way to go) to
list income that the debtor is claiming as exempt (veterans benefits, public
benefits, soc. sec., etc.) on Schedule I? Does the trustee object when the
total of such income when added to the non-exempt income (from employment)
makes it appear that the D should do a Ch 13 because there is more income
than necessary expenses? Thank you and best regards to all, CF
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/cdcbaa/
* To unsubscribe from this group, send an email to:
cdcbaa-unsubscribe@yahoogroups.com
The post was migrated from Yahoo.
Hi Group: I am really enjoying the sense of support and super brain power on these issues. My question: Is it the better practice (or only way to go) to list income that the debtor is claiming as exempt (veterans benefits, public benefits, soc. sec., etc.) on Schedule I? Does the trustee object when the total of such income when added to the non-exempt income (from employment) makes it appear that the D should do a Ch 13 because there is more income than necessary expenses? Thank you and best regards to all, CF
Hi Group: I am really enjoying the sense of support
and super brain power on these issues. My question: Is it the better
practice (or only way to go) to list income that the debtor is claiming asexempt (veterans benefits, public benefits, soc. sec., etc.) on Schedule I? Does the trustee object when the total of such
income when added to the non-exempt income (from employment) makes it appear
that the D should do a Ch 13 because there is more income than necessary
expenses? Thank you and best regards to all, CF
The post was migrated from Yahoo.