Can stock grants, stock options, and employee stock purhcases be exercised while in a Chapter 13? We have had the 341 but no confirmation yet. We are a month post 341 and no objections to anything yet. No grants or options are vested yet, but will vest each year we are in our 13. Is it a no-no to cash them as they become available?
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During the years of your Plan, your trustee is in control of your finances - you will need to check with your attorney as to the cash out of any stock and the participation in any stock purchase plans, etc. Any cash out of stock, bonuses received, raises, etc. increase your disposable income and will need to be reported. Whenever you have financial questions such as this, always check with your attorney before you make any decisions what to do. To do otherwise risks Plan dismissal._________________________________________
Filed 5 Year Chapter 13: April 2002
Early Buy-Out: April 2006
Discharge: August 2006
"A credit card is a snake in your pocket"
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