Part time job after discharge??

[iupui1299]

Hey, we received our discharge recently and we coudl really use extra money for Christmas. I was wanting to go out and get a part time job. Does anyone know is this is allowed? Obviously, when we figured our income on our chapter 7 we did not account for a part time job. Does the trustee, bankruptcy court continue to track your income after you have been discharged?

[HHM]

Not only can you get a part time job after being discharged, you could have gone out and got a part time job the day after you filed for BK.

Don't worry, any money you earn from employment that occurs after the date your FILE for BK is absolutely yours.

On a side note, I am glad you are thinking about a way to "earn" money to pay for Christmas...instead of trying to charge it on some credit card, that shows some sound decision making on your part.

Good luck.

[9877donna]

Yes it's OK.Any money you make from now on is free and clear.The Bk Court only looks at the 6 months worth of income prior to your filing BK.After that it's all yours to do with as you please.
Congrats and good luck on your new found financial freedom.
Donna

[iupui1299]

Thanks for the replys. That's good to hear. I would rather work my butt off than ever get myself back into the financial mess we were in....it's good to know I can get a part time job and pay for Christmas with cash instead of credit.

[9877donna]

Thanks for the replys. That's good to hear. I would rather work my butt off than ever get myself back into the financial mess we were in....it's good to know I can get a part time job and pay for Christmas with cash instead of credit.

That is a really good choice.I just filed BK recently and I hope to not get any more credit after I'm discharged.
I hope I can stick to my guns about just paying in 'cash' and not get weighed down again with financial obligations.
Good Luck to you!
Donna

[FoolAndHisMoney]

Not only can you get a part time job after being discharged, you could have gone out and got a part time job the day after you filed for BK.

Don't worry, any money you earn from employment that occurs after the date your FILE for BK is absolutely yours.

On a side note, I am glad you are thinking about a way to "earn" money to pay for Christmas...instead of trying to charge it on some credit card, that shows some sound decision making on your part.

Good luck.

HHM, wouldn't it look suspicious if suddenly your income would increase right after you filed? Does the trustee ask for pay stubs from the filing date to the 341 meeting or just the paystubs at the time of filing?

I know that after discharge and close there is nothing to worry about.

iupui1299, I also agree with the second job for Christmas money. Perhaps you can go a couple of months after the holidays if your situation would allow it just to get an emergency savings. Good luck with your new beginning.

[Emmy]

HHM, wouldn't it look suspicious if suddenly your income would increase right after you filed? Does the trustee ask for pay stubs from the filing date to the 341 meeting or just the paystubs at the time of filing?

I know that after discharge and close there is nothing to worry about.

iupui1299, I also agree with the second job for Christmas money. Perhaps you can go a couple of months after the holidays if your situation would allow it just to get an emergency savings. Good luck with your new beginning.

This confuses me too. If the trustee can take a future income tax refund, how come he wouldn't go after extra wages from a part time job?

[Bobby'sGirl]

The tax refund was money you earned but was withheld

The trustee would take the portion you earned in the months of the year before you filed, the rest would be yours if it is done correctly. (75/25% if October filing, for example). Unless you can cover it in exemptions it is part of your BKestate.

[FoolAndHisMoney]

A tax refund is really your disposable income that you over paid to the IRS and they are giving it back. Now you have all this money that's part of the estate unless it's less then your cash exemption.

I am just wondering why some here posted that the trustee asks for the most recent paystub. I can understand a chapter 13 to verify income to support the plan, but why in a 7?

[HHM]

The trustee really shouldn't be asking for paystubs between the date of filing and 341...it should be just up to the date of filing. In the same way, the trustee only asks for bank statement up to and covering the date of filing.

[razorguns]

you could win the lottery after discharge and legally it would mean squat.

once discharged - they don't devote any more manpower on your case unless there's fraud. If not - it's kosher.

remember: hte purpose of bk is to GET BACK on the right track and start having money again. Not continue to be broke and poor.

r

[SinkingFast]

you could win the lottery after discharge and legally it would mean squat.

once discharged - they don't devote any more manpower on your case unless there's fraud. If not - it's kosher.

remember: hte purpose of bk is to GET BACK on the right track and start having money again. Not continue to be broke and poor.

r

Not true!

With Ch 7, if you win the Lottery, come into an inheritance, or have some other sort of windfall within 180 days of filing, that money becomes part of the BK Estate. The Trustee can sieze it on behalf of the Creditors. And as Bobby's Girl said, the Trustee can take a prorated portion of the Debtor/Filer's income tax refund.

With Ch 13, the whole time you're in the payment plan, your Estate is subject to the Trustee's whims. Some Trustees scrutinize every income tax return each and every year you're in the plan. Some don't. Just depends on luck of the draw. But the Trustee could potentially know if a Debtor/Filer takes on an side job to earn extra "disposable income" for the Holidays or what ever.

In our case, our Trustee wants to see our '06 income tax returns next spring. If we had a significant change in income from what we said during filing, I'm sure our Trustee would notice.