I'm finally about to file Chapter 7 because money has run out, and will need to get a job afterwards. The pay will be above the means test amount for California, so I can't get the job before filing.
I received conflicting advice from attorneys as to when to start applying for jobs:
- some said after filing (because the BK is a point in time thing)
- some said after the 341 meeting, to not risk conversion to a Chapter 13
- some said only after discharge
So that's a preamble question.
But either way, even if I get the job after discharge, it will likely come with a signup bonus in the 5 digits. Would that constitute a windfall?
Related post here refers to a bonus obtained from employment secured before filing, so that doesn't apply. Off-forum, I've only found this attorney's blog post relevant, and it says a windfall becomes part of the estate if received through inheritance, life insurance policy payout, or divorce case. Nothing about job income.
I received conflicting advice from attorneys as to when to start applying for jobs:
- some said after filing (because the BK is a point in time thing)
- some said after the 341 meeting, to not risk conversion to a Chapter 13
- some said only after discharge
So that's a preamble question.
But either way, even if I get the job after discharge, it will likely come with a signup bonus in the 5 digits. Would that constitute a windfall?
Related post here refers to a bonus obtained from employment secured before filing, so that doesn't apply. Off-forum, I've only found this attorney's blog post relevant, and it says a windfall becomes part of the estate if received through inheritance, life insurance policy payout, or divorce case. Nothing about job income.
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