Schedule F and exempt income
Posted: Fri Apr 02, 2004 4:11 pm
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Carolyn:
Section 521 is vague and provides no guidance. Rule 1007 defers to the
Official Forms. You have to read the forms very carefully to get the
answer to your question. Without actually looking at the forms, my
guess is that you need to include the income.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem
500 N. Brand Blvd., #460, Glendale, CA 91203
Tel: 818-507-6000 Fax: 818-507-6800
* Personal & small business bankruptcy specialist cert. by State Bar of
CA Bd of Legal Specialization.
Sent: Thursday, April 01, 2004 11:10 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Schedule F and exempt income
Hi Group: I am really enjoying the sense of support and super brain
power on these issues. My question: Is it the better practice (or only
way to go) to list income that the debtor is claiming as exempt
(veterans benefits, public benefits, soc. sec., etc.) on Schedule I?
Does the trustee object when the total of such income when added to the
non-exempt income (from employment) makes it appear that the D should do
a Ch 13 because there is more income than necessary expenses? Thank you
and best regards to all, CF
_____
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