I'm 6 months in to my BK 13.My 15 year old wants to do detasseling-lasts 2 to 3 weeks.Do I have to report this to trustee? If he were to get a part time job would I have to report that?? I'd hate for my financial issue to screw him.
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Do I report my 15 year old's detasseling (corn) income to trustee?
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It would be too much effort for the Trustee.
The real deal is how much is contributed to the household expenses and is this regular income that causes an increase of 10% or more in the household income? Highly unlikely that this is the case. I would not bother unless the teen makes more than $6K and is contributing to the household expenses.
(NOTE: the $6K is only my personal guess and is based on absolutely nothing. Not even looking, I figured the median income for family of 3 across the US is $60K -- in Iowa it's about $64K. That would be below the theoretical 10% threshold where a Trustee wants more money for the creditors.)Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
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Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.
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