Furloughs - laid off for one day per month for 18 months
Hi --Here's a good question -- it's regarding furloughs.
The company that I work for may be doing a furlough next year and what it means is all employees must take one day off per month for 18 months without pay - so that the company can save money. (This amounts to a 5% pay cut during that time period.)
As in other posts, I will or anticipate filing on 3/1/09.
I am kind of caught in the middle because:
1. Come 4/1/09 - I will have a 5% merit increase.
2. The furlough starts - or is projected to start on 1/1/09. Happy New Year!
3. I will prepare paperwork and file on or before 3/1/09 - to send a automatic stay to a plaintiff attorney who is suing me for a personal loan at citifinancial and filed a motion for summary judgement with the hearing before the judge on 3/9/09.
OK --- so if I tell me attorney I have x dollars while preparing the petition, which would include a 5% cut, BUT a month after I file, I recieve my merit increase of 5% ---- how does the Trustee look at this? It's sort of complicated because they might say, hey you had 5% on 12/08, went on a furlought on 1/1/09
so that month you will now be 5% short in wages, but 3 months later I get my 5% merit increase 
and I am now "technically" equal to what I had been making in 12/08. **By the way, the difference in my income would be about $150-$200 for this 5%.
Hmmmmmmmmmm, what to do, what to do?
The company that I work for may be doing a furlough next year and what it means is all employees must take one day off per month for 18 months without pay - so that the company can save money. (This amounts to a 5% pay cut during that time period.)
As in other posts, I will or anticipate filing on 3/1/09.
I am kind of caught in the middle because:
1. Come 4/1/09 - I will have a 5% merit increase.
2. The furlough starts - or is projected to start on 1/1/09. Happy New Year!
3. I will prepare paperwork and file on or before 3/1/09 - to send a automatic stay to a plaintiff attorney who is suing me for a personal loan at citifinancial and filed a motion for summary judgement with the hearing before the judge on 3/9/09.
OK --- so if I tell me attorney I have x dollars while preparing the petition, which would include a 5% cut, BUT a month after I file, I recieve my merit increase of 5% ---- how does the Trustee look at this? It's sort of complicated because they might say, hey you had 5% on 12/08, went on a furlought on 1/1/09
so that month you will now be 5% short in wages, but 3 months later I get my 5% merit increase and I am now "technically" equal to what I had been making in 12/08. **By the way, the difference in my income would be about $150-$200 for this 5%.Hmmmmmmmmmm, what to do, what to do?
