704.730 question
Posted: Mon Nov 05, 2018 12:21 pm
Also be very careful about what constitutes "gross annual income." the term more broadly than (I had) expected.
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To: cdcbaa@yahoogroups.com
Sent: Mon, Nov 5, 2018 9:55 am
Subject: Re: [cdcbaa] RE: 704.730 question
The debtor is required to estimate the total calendar your income.
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On Friday, November 2, 2018, 6:26:12 PM PDT, Larry Simons larry@lsimonslaw.com [cdcbaa] wrote:
Thats what I would do
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On Nov 2, 2018, at 6:24 PM, 'Steven B. Lever' sblever@leverlaw.com [cdcbaa] wrote:
So why not just file in the beginning of the year? Most people will not have earned that much toward the beginning of the year.
Does the Trustee hold the case open to see what happens the rest of the year?
Sent: Friday, November 02, 2018 2:51 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] RE: 704.730 question
Measured in the calendar year in which the petition is filed.
Sent: Friday, November 02, 2018 1:58 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] 704.730 question
Dear List mates,
I have a 63 year old single woman who has a place worth $150,000 without any debt against it. She wants to discharge her credit card debts.000 gross income by years end. She made more I believe the prior year.
Does anyone know the following:
- During what time period is the $25,000 measured?
- Has the amount increased, or does it increase at some interval?
- Has anyone litigated this with a Chapter 7 Trustee?
(C)A person 55 years of age or older with a gross annual income of not more than twenty-five thousand dollars ($25,000) or, if the judgment debtor is married, a gross annual income, including the gross annual income of the judgment debtors spouse, of not more than thirty-five thousand dollars ($35,000) and the sale is an involuntary sale..
Law Offices of Steven B. Lever
Steven B. Lever
(Tel. (562) 436-5456 ext. 1
(Fax (562) 485-6886
*sblever@leverlaw.com
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