Exemption for Severance Pay
Posted: Wed May 23, 2018 7:01 pm
That claim could also be property of the estate.
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> On May 23, 2018, at 6:07 PM, Patrick Green pat@fitzgreenlaw.com [cdcbaa] wrote:
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> He might have to collect it from his attys E&O carrier.
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> If you have any questions or concerns, please contact me.
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> Pat
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> Patrick T. Green
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> 1010 E. Union St. Ste. 206
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> Pasadena, CA 91106
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> Ph: 626-449-8433
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> Fax: 626-449-0565
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> Email: pat@fitzgreenlaw.com
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> Sent: Wednesday, May 23, 2018 4:42 PM
> To: cdcbaa@yahoogroups.com
> Subject: Re: [cdcbaa] Exemption for Severance Pay
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> Its a matter of whether the debtor's right to the severance existed at the time of filing for it to be an asset of the estate..
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> Mark T. Jessee
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> Law Offices of Mark T. Jessee
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> 50 W. Hillcrest Drive, Suite 200
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> Thousand Oaks, CA 91360
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> "We are A Debt Relief Agency"
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> (805) 497-5868
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> (805) 497-5864 Facsimile
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> In a message dated 5/23/2018 4:34:37 PM Pacific Standard Time, cdcbaa@yahoogroups.com writes:
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> Wouldnt the income be postpetition and therefore not part of the estate?
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> Steve Lever
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> Sent: Wednesday, May 23, 2018 1:17 PM
> To: cdcbaa@yahoogroups.com
> Subject: [cdcbaa] Exemption for Severance Pay
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> Hi Everyone,
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> I saw a chapter 7 hearing today and would be interested in knowing the answer to this question.
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> Before the filing of his chapter 7 case, the debtor was told he was being laid off next month or in 2 months.
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> He will receive $140,000 in severance pay.
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> Does anyone know if his severance pay can be protected/exempted?
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The post was migrated from Yahoo.