2 simple questions regarding "all other income"
I'm trying to determine where/if the following should be reported:
1. gifts of cash (Christmas/Birthday)
2. cash advance/bal. transfer checks (from credit card)
In both cases these appear as deposits on my bank acct. statements.
Specifically the 2 entries I'm wondering about are:
1. Statement of Monthly Income: page 3, line 10: Income from all other sources.
2. Statement of Financial Affairs: page 2, line 2: Income other than from employment or operation of business.
Perhaps there are others(?)
Additionally, I have one other issue that has been somewhat confusing:
Statement of Financial Affairs: page 2, line 3: Payments to creditors.
"List all payments on loans, and other debts, etc. to any creditor within
90 days immediately preceding the case unless the aggregate value of
all property that constitutes or is affected by such transfer is less than
$600.00."
My best guess is that they are asking for any individual PAYMENTS of
over $600.00, and not individual payments (less than $600.00) on
DEBTS of over $600.00.
Could anyone clarify?
Thanks, best wishes & best of luck!
I'm trying to determine where/if the following should be reported:
1. gifts of cash (Christmas/Birthday)
2. cash advance/bal. transfer checks (from credit card)
In both cases these appear as deposits on my bank acct. statements.
Specifically the 2 entries I'm wondering about are:
1. Statement of Monthly Income: page 3, line 10: Income from all other sources.
2. Statement of Financial Affairs: page 2, line 2: Income other than from employment or operation of business.
Perhaps there are others(?)
Additionally, I have one other issue that has been somewhat confusing:
Statement of Financial Affairs: page 2, line 3: Payments to creditors.
"List all payments on loans, and other debts, etc. to any creditor within
90 days immediately preceding the case unless the aggregate value of
all property that constitutes or is affected by such transfer is less than
$600.00."
My best guess is that they are asking for any individual PAYMENTS of
over $600.00, and not individual payments (less than $600.00) on
DEBTS of over $600.00.
Could anyone clarify?
Thanks, best wishes & best of luck!