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Starting a business after discharge?

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    Starting a business after discharge?

    Dh used to work on welding machines. He made decent side money doing it but he stopped in January of this year. Partially b/c there are a lot of welders out of jobs so they don't need repairs and partially b/c if he had continued it would have put us over the median. We were only below the median by like $1500.

    Anyway is there any problem if he starts doing it again? He has to put the money he makes off them into a seperate checking account. He used to use our joint account but he always ended up dipping into my bill money. By keeping it seperate he can keep track of what's going on.

    I'm just afraid of what the trustee will think if he should see the money in the account.
    I'm trying to go back to school and we don't qualify for pell grants. I do qualify for student loans but we need the extra money to pay for a baby sitter while I'm at school.

    What are your thoughts on this? I know we are discharged but the trustee can still reopen our case if he sees something he doesn't like right?
    4/09 Converted to a Ch 7 due to loss in dh's income
    5/09 UST now involved no idea what happens next
    7/09 UST has decided to withdraw his motion to dismiss!
    7/27/09 DISCHARGED!!!

    #2
    Once you're discharged and closed, your financial affairs are your own business.Nothing in the bk code says you can't increase your income or improve your circumstances post bk. Have your husband get to work!

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      #3
      I started a new business just prior to filing (signed lease which we are keeping) - and actually opened for business right at the time of our 341. UST asked for documentation of the income (none), the local trustee didn't say much of anything. I guess they know that we have to get on with our lives! Much success to you and your husband!
      BKForum Blog: The Journey

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        #4
        i would hope that it should be fine to increase your income after bk. if not, the whole "fresh start" idea would be bogus.
        filed ch7 May 09
        341 june 09
        discharged, closed Aug 09

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