how can trustee find out about bonus check recieved from job
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Originally posted by I3iggI3oi
One way is if you tell them about it. The other is when they check your annual tax returns every year of the plan they will monitor increases in income. I think the general rule is any income increase above 10% must be reported. That's what I hear, but every court is different. -
The 10% increase thing was recently discussed in this thread:Originally posted by FoolAndHisMoney
http://www.bankruptcyforum.com/t7296...out-forms.html
The link there goes to an actual petition with areas highlighted for Trustees. They used to go by 10%. Not so any more. Seems that's up to the Trustee and the area now.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...Comment
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If your in a Chapter 13, and your bonus check is yearly and is more than 4% of your yearly income it is best you report it........
You don't want your Chapter 13 dismissed for not reporting and then owe all the debts in full again.....
The Trustee may or may not take it..............depending on the Trustee..Minny
"It's amazing the paths that our feet sometimes follow in life".
My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.Comment
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