Filing Bankruptcy for a Minor

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The Coogan Account requirements in California are 15% of the child performers gross earnings for qualified entertainment employment. If there are hundreds of thousands in those accounts, a little math tells us that the child performer earned over a million dollars. I fear this one of those tragic cases where the parents were acting a manager for the child and mismanaged the business end of this?
If so, you may be looking at something other than a bankruptcy. This child performer may need a guardian for financial matters for the purposes of sorting this out, as his or her interests may now be adverse to his or her existing management.
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A minor does not have legal competence to file independently. If the
minor already has a formal legal guardian appointed by the Superior Court then
the guardian can sign. If not Next Friend pursuant to FRBP1004.1
Mark Jessee.
In a message dated 3/6/2015 11:39:13 A.M. Pacific Standard Time,
cdcbaa@yahoogroups.com writes:
Has anyone here filed a BK for a minor before? Does it require having a
guardian or "next friend" sign the petition?
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A minor does not have legal competence to file independently. If the
minor already has a formal legal guardian appointed by the Superior Court then
the guardian can sign. If not Next Friend pursuant to FRBP1004.1

Mark Jessee.

In a message dated 3/6/2015 11:39:13 A.M. Pacific Standard Time,
cdcbaa@yahoogroups.com writes:



Has anyone here filed a BK for a minor
before? Does it require having a guardian or "next friend" sign the petition?
*************************Mark J. MarkusLaw Office of Mark
J. MarkusMailing Address Only:11684 Ventura Blvd. PMB
#403Studio City, CA 91604-2652(818)509-1173 (818)332-1180
(fax)web: http://www.bklaw.com/Certified Bankruptcy
Law Specialist--The State Bar of California Board of Legal
SpecializationThis Firm is a Qualified Federal Debt Relief
Agency________________________________________________NOTICE: This
Electronic Message contains information from the law office of Mark J. Markus
that may be privileged. The information is intended for the use of the
addressee only. If you are not the addressee, note that any disclosure, copy,
distribution or use of the contents of this message is prohibited.IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the
IRS, we inform you that any U.S. tax advice contained in this communication
(or in any attachment) is not intended or written to be used, and cannot be
used, for the purpose of (i) avoiding penalties under the Internal Revenue
Code or (ii) promoting, marketing or recommending to another party any
transaction or matter addressed in this
communication.

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