Thanks guys and gals. While I understand why the courts would rule this way, I just don't like it.
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Had 341 meeting in District 9 today .....info re. retirement contributions
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Originally posted by NeedOptions View PostThanks guys and gals. While I understand why the courts would rule this way, I just don't like it.
When we don't like the way the courts interpret the law, we should ask our representatives to change the law. I just wrote to my Congresswoman asking her to submit legislation to amended the bankruptcy code to clarify that retirement savings is a necessary expense. I encourage anyone else who agrees with me on this issue to do the same. It only takes a few minutes.LadyInTheRed is in the black!
Filed Chap 13 April 2010. Discharged May 2015.
$143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!
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What I wonder is: Okay, the trustee decides that you have to liquidate your Retirement Fund to satisfy a debt. Who gets the Federal Income Tax penalty? You, the debtor, or the trustee? I suspect the poor debtor.... and that just 'ain't' right, when one is trying for a 'new start'."To go bravely forward is to invite a miracle."
"Worry is the darkroom where negatives are formed."
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Originally posted by AngelinaCat View PostWhat I wonder is: Okay, the trustee decides that you have to liquidate your Retirement Fund to satisfy a debt. Who gets the Federal Income Tax penalty? You, the debtor, or the trustee? I suspect the poor debtor.... and that just 'ain't' right, when one is trying for a 'new start'.
Hey Des, I noticed that the Parks opinion hasn't been published yet. Isn't it true that an unpublished opinion cannot be relied on as precedence? Does the BAP ever not publish its opinions or is it just a matter of time?LadyInTheRed is in the black!
Filed Chap 13 April 2010. Discharged May 2015.
$143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!
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Originally posted by LadyInTheRed View PostHey Des, I noticed that the Parks opinion hasn't been published yet. Isn't it true that an unpublished opinion cannot be relied on as precedence? Does the BAP ever not publish its opinions or is it just a matter of time?LadyInTheRed is in the black!
Filed Chap 13 April 2010. Discharged May 2015.
$143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!
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