Since it was unanimous in the Florida House and Senate, I would believe that he does care that it did not go far enough. The Florida House and Senate, with a unanimous vote, means they can override this specific veto quite easily, since there were 0 dissents. The question is could they get a revised...

1. That was gross income... the business was going slow.
2. I can't say how to apply the exemptions. A vehicle has a different exemption category and then you use the wildcard to protect the rest of the equity.
3. I don't know if "inventory" is a "tool" based on the plain meaning of

...

Yes, for one business, I was sole proprietor. I made virtually nothing (less than $20K year).

Since you are in NJ, you get to choose between the NJ and the Federal exemption schemes. The Federal scheme provides at least $15,000 in exemptions if you don't own a home ($1,475 plus up to $13,950...

I wouldn't worry about the records, since most sole proprietors keep horrible records. (The COVID-related SBA disaster loans disaster -- yes I said disaster twice -- proved that not all businesses keep the same type of financial records.) Since a Sole Proprietorship generally reports on Schedule C,...

As a Floridian, it's a little more complex than what the news would lead you to believe. Unfortunately, the press got it wrong. The article is misleading at best, and dishonest at worst.

The bill passed both the Florida and house unanimously. The reason the governor rejected (vetoed) the...

Yes. As you are aware, a sole proprietorship is just your alter ego. That means that the Trustee will seek tax returns and will look at your Schedule C (and other schedules, especially if you're 1099-C). The extent to which the Chapter 7 Panel Trustee looks at your income, tax returns, and P/L statements...

Just about a few hundred is okay. Significantly over that is likely not okay. Many people severely underestimate their expenses, but there's even more to this. If you are are under-the-median income for your family size and county, then you would "pass" the so-called Means Test. There is a...

I've done it. I wasn't the first, nor was I the last to chronicle their journey. You can keep it in a single thread.

There's also a blog feature (notice my blog in my signature). It's a little interesting to get to the "NEW BLOG" button, but if you follow the link, you should...

Congratulations! I know that you (more than) stressed about this so it's nice to see that discharge and autoclose. Well done.

Yes, they do notice.

Whenever I talked to a post-petition creditor and they say who is the lawyer, and I say I'm representing myself as my own counsel,...

Unless a single computer was worth significantly more (and like new), I would group them. But if I just purchased an iMac and had two other computers, I would list "iMac 2020 ... $1,900" and then "Computers ... $500". I did this with my more expensive television, having split it...

Creditors hardly ever show up at a 341 Meeting as it's quite useless for them. Howeger, there are two types of creditors that "may" show up. Those two are 1.) credit unions and small local banks, and 2.) vindictive relatives or friends.

The credit unions and small local banks...

Estate planning is very important and I wish that more people did this. I think it was a good conversation that you had with your father. Here is my $0.02 ...

This is a two-part answer.

First, we must talk about the 180-day rule. The 180 days rules is best summarized as, anything...

Your concern is deserved and I'm glad it turned out that your dude is not the dude that filed bankruptcy!

Till rate may apply to your vehicles since they are technically "refinanced" in a Chapter 13 (over the term of the Chapter 13)... unless those care are very new with terms exceeding the life of the Chapter 13. (For example, just purchased cars a month before filing and the term on the vehicle...

Welcome to BKForum.

Are you sure that "in plan" Trustee fee is 8%? Even though the Trustee fee may be 6%, 7% or 8%, most districts still put 10% in the plan to cover any variation in the fee during the plan. I think that 2% difference can be the difference. Also the "Till Rate" is over 5% now, and likely...

I can't tell you what will happen. If the Chapter 7 Trustee thinks that there are coins which are non-exempt, this could get interesting. I don't even know what to tell you. Just the large transactions within 90-days of the filing of the bankruptcy may rise to something fraudulent (e.g., converting...

Whether or not the eBike (electric bike) is treated as a "motor vehicle" for purposes of any exemption will depend on 1.) the wording of the exemption, and 2.) how your State defines an electric bike. For example, Florida says that the exemption includes "debtor’s interest, not to exceed...

Anyone can now join PenFed. I think NFCU is still restricted (military, dependent of military, family member, etc).

Yes, very common under the professional standards. This happens when an attorney leaves the practice for many reasons including, but not limited to, untimely death and disbarment....