So, in my open Chapter 7 case (I was discharged but have a pending lawsuit and my case is therefore, still open), it indicates that future earnings are exempt in my state, for "reasonable and necessary" circumstances for the debtor. I lost nearly 2 years worth of income from my retaliation case vs my employer, which eventually lead to my chapter 7.
My question: what does the law mean with the phrase "reasonable and necessary"?
Also, are there state exemptions that would allow a person to keep most or all of their settlement money, in a chapter 7 open case, due to the future loss of income and the insolvent state I am still in?
Thank you for any feedback on this. I appreciate this website for all the great discussions and learning more about my rights as a debtor.
My question: what does the law mean with the phrase "reasonable and necessary"?
Also, are there state exemptions that would allow a person to keep most or all of their settlement money, in a chapter 7 open case, due to the future loss of income and the insolvent state I am still in?
Thank you for any feedback on this. I appreciate this website for all the great discussions and learning more about my rights as a debtor.
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