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Debtor expects a $5K sign on bonus in September. Wants to file CH 7 to stop
lawsuit now. (Yes, she can file an Answer in state court and stop the
lawsuit, BUT, there are other issues, and that's not my question, but
thanks for that advice
haha.Is an expected $5K sign on bonus an asset or income? We have to use the
homestead under 704 so is there any exemption I can use for this, like the
75% of income in 704.070?
This is in Riverside.
Thank you.
Holly Roark
Certified Bankruptcy Specialist*
*and Sports Lawyer*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
*Central District of California & District of Idaho* - Consumer Bankruptcy
Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067
T (310) 553-2600; F (310) 553-2601
*By State Bar of California Board of Legal Specialization
Debtor expects a $5K sign on bonus in September. Wants to file CH 7 to stop lawsuit now. (Yes, she can file an Answer in state court and stop the lawsuit, BUT, there are other issues, and that's not my question, but thanks for that advice
haha.Is an expected $5K sign on bonus an asset or income? We have to use the homestead under 704 so is there any exemption I can use for this, like the 75% of income in 704.070?This is in Riverside.Thank you.Holly RoarkCertified Bankruptcy Specialist*and Sports Lawyerholly@roarklawoffices.com**primary email address**
www.roarklawoffices.com
Central District of California & District of Idaho - Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067T (310) 553-2600; F (310) 553-2601
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