My wife may have the chance to earn $60k to be paid in a lump sum.
This would be 1099 income from a job (in addition to her regular salary).
Would we have to turn it all over to the trustee? We owe way more than that on the 13, it could in no pay pay it down enough to end the 13 early.
If the trustee is going to take it all, there is no need in her doing the extra work to earn it.
My guess is yes... but would it be possible to negotiate with the trustee before it is earned? Say... if she opts to earn it we get to keep half?
This would be 1099 income from a job (in addition to her regular salary).
Would we have to turn it all over to the trustee? We owe way more than that on the 13, it could in no pay pay it down enough to end the 13 early.
If the trustee is going to take it all, there is no need in her doing the extra work to earn it.
My guess is yes... but would it be possible to negotiate with the trustee before it is earned? Say... if she opts to earn it we get to keep half?
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