top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Vacation pay earned

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Vacation pay earned

    We filed this past monday, July 6. Our income for the past six months covered Jan1-Jun30. June 26 was my anniversary at work and my vacation pay/time for the year (3 weeks) became available that day. My employer does not allow one to cash in vacation time only take the time off. What issues does this bring up? This is not cash available to me so technically it's not income per se. Any thoughts?
    Filed ch.7 July 6
    341 Aug 13 2009
    Discharged Oct 23 2009

    #2
    i wish i had the link, but i read not long ago a case that said that vacation pay/time that are payable only when the person takes a vacation or gets laid off is part of the person's "fresh start" and can't be taken away.
    filed ch7 May 09
    341 june 09
    discharged, closed Aug 09

    Comment


      #3
      It shouldn't affect anything.
      May 31st, 2007: Petition Filed by my lawyer
      July 2nd, 2007: 341 Meeting Held
      September 4th, 2007: Discharged and Closed.

      Comment


        #4
        Whether you took time off, or worked it, you income did not change. Just like sick days that are paid. It is a non issue. 'Hub
        If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

        Comment


          #5
          Your vacation and sick time is already factored into your income and employment package. When you take a vacation day or sick day off, you do not receive an extra day's pay for that vacation or sick day; you receive your regular pay and that taken day is subtracted from your accumulated sick/vacation time. Most companies when one leaves a company will provide that employee with the balance of their accumulated sick and/or vacation time if it is company policy to do so and those funds will be distributed as taxable income at that time.
          _________________________________________
          Filed 5 Year Chapter 13: April 2002
          Early Buy-Out: April 2006
          Discharge: August 2006

          "A credit card is a snake in your pocket"

          Comment


            #6
            Awesome replies team! That takes a load off my mind. Thanks!
            Filed ch.7 July 6
            341 Aug 13 2009
            Discharged Oct 23 2009

            Comment

            bottom Ad Widget

            Collapse
            Working...
            X