I was given Stock option a few years back and recently exercised them. Would this be considered as income for the means test?
Logan
Logan
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If you mean that you sold your company stock for cash, then yes, the sale proceeds count as income for the Means Test.Originally posted by Logan View PostI am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
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Just spoke with a lawyer about this at said there is no clear consensus. Company stock is considered and asset and it was a sale of an asset. The means is a backward looking measure of one's supposed ability to pay debts going forward. We only have a limited number of assets.
Also, I am no longer employed by this company.
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