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Gifts used to cure infeasibility
Hale:
I am assuming that the money would be to pay down IRS debt to create
feasibility. Is there any reason the money cannot be paid directly to the
IRS by family? I cannot see what the drawback would be, but others may know
something I do not know.
If you have any questions or concerns, please contact me.
Pat
Patrick T. Green
Attorney at Law
Fitzgerald & Green
1010 E. Union St. Ste. 206
Pasadena, CA 91106
Tel: 626-449-8433
Fax: 626-449-0565
pat@fitzgreenlaw.com
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Yes your client can accept gift.
D
Sent from my iPad
On Jun 14, 2013, at 1:43 PM, "Hale Andrew Antico" wrote:
> Valley division, Confirmed Chapter 13. Debtor racks up a $50k IRS bill two years later and IRS submits a claim. Trustee flags for failure of 8% plan to accommodate new claim. In the past, I've objected to postconfirmation governmental claims and had the motion denied. So the question is this: to cure the feasibility, can debtor get a one-time $23k gift from family? We'd still need to drop the percent payout while increasing the plan payment. Our judge is Ahart, who coincidentally denied the previously described motion objecting to claim in a different case.
>
> Hale
>
The post was migrated from Yahoo.
Valley division, Confirmed Chapter 13. Debtor racks up a $50k IRS bill two
years later and IRS submits a claim. Trustee flags for failure of 8% plan to
accommodate new claim. In the past, I've objected to postconfirmation
governmental claims and had the motion denied. So the question is this: to
cure the feasibility, can debtor get a one-time $23k gift from family? We'd
still need to drop the percent payout while increasing the plan payment.
Our judge is Ahart, who coincidentally denied the previously described
motion objecting to claim in a different case.
Hale
Valley division,
Confirmed Chapter 13. Debtor racks up a $50k IRS bill two years later and IRS
submits a claim. Trustee flags for failure of 8% plan to accommodate new claim.
In the past, I've objected to postconfirmation governmental claims and had the
motion denied. So the question is this: to cure the feasibility, can
debtor get a one-time $23k gift from family? We'd still need to drop
the percent payout while increasing the plan payment. Our judge is Ahart, who
coincidentally denied the previously described motion objecting to claim in
a different case.
Hale
The post was migrated from Yahoo.