Saving Bonds Dilemma

[CCCrazy]

I filed 7 just last week, and now I remembered today that I cashed in two savings bonds in January which gained me around 200 bucks in interest. Is this a big deal? Is it income? Do I need to amend my filing to reflect that?

[jessegirl]

I would think it would be income. How much was it total? Maybe you should call your attorney and ask if this will pose a problem?

[CCCrazy]

The total was only around $250.

[CCCrazy]

Now I have to vent - this really f'ing blows - I am SOOOOO close to having to file Chpt. 13 - every little bit counts and this might totally screw me over. I have an email in to my attorney and he's probably swearing up a storm right about now.

[BK2008]

Yes, it's income, but the next big question is..what did you do with it??

If you used it for living expenses (gas, groceries, clothes, stuff like that) you should not have a problem. If you used it as a deposit for a trip to Hawaii in the summer, it might raise some eyebrows.

[BornAgain]

Hey CCCrazy, what did your attorney say about the savings bond redemption? Interest is income? Principle you got back income too? I'm curious what your attorney thought.

Thanks

[CCCrazy]

Attorney said interest is income. He also said i'm still good to go for Chpt. 7