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    Bonus after Filing

    We plan to file Ch 7 in September because I am currently on maternity leave and want to use reduced income for July & August to decrease our 6-month pre-filing income and qualify for 7 under means test.

    If we file by the end of September, will we definitely have our 341 by December 15th? My company pays our annual bonuses on December 15th. I am concerned that if I get the bonus before 341, then I will have to report it to the Trustee and this will increase our income. Is this correct?

    I would be fine if the Trustee just wanted to take the bonus, but if they use it push it into a CH 13, that would be terrible.

    #2
    The 341 is within 30 days or so of filing.

    Comment


      #3
      We filed June 2 and our 341 isn't until July 25. Not sure why the delay, other than it might have to do with multiple reaffirmations, which appear to take time to prepare (we just got another one today). I would definitely keep that in mind when filing--and ask your attorney about the timing.
      Filed BK (Ch. 7) 6/2/08
      Discharged!! 9/24/08
      Closed..the end! 10/1/08

      Comment


        #4
        It depends on the district you are in, if you can get on Pacer and look at a local case or two. But be careful about the charges. I am in Ohio and ours are always 2 months after you file. We filed 4/08/08 and our 341 wasn't until 6/02/2008. Thats the way our district has always been, I looked back into the 90's and they were 2 months then. So it has nothing to do with the amount of BKs being filed. Good Luck Dragonnfly
        Filed Ch 7 - 04/08/2008 - Done
        341 continued 06/30/2008
        Last day for objections - 08/01/2008
        Discharged 08/13/2008

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