depositing money

[nokia123]

hi everyone, you guy's helped me with my last concern, i figured let ask another question that i forgot to ask my lawyer. My son deposits money into my checking account once a month for his portion of the rent, will that be problem or be considered income for me? thanks in advance

[rjones04]

from my knowledge, this is considered "income." I would report it to your lawyer immediately. Did you not mention this in your paperwork?

[DeadManCrawling]

Probably best to leave it as is if you are close to filing, and explain it to your attorney or trustee. It would be counted as income on one schedule, but since it pays rent, it would be deducted on the expense list. I'm afraid any sudden change in deposits close to filing might raise eyebrows, but others may have better info.

[nokia123]

thanks so much, i figured it might cause a problem. p.s i forgot to tell the lawyer this info.

[music12]

so your lawyer is unaware that some of your rent is covered by your son? that could become a problem if your schedules show the entire rent amount as coming out of your pocket.

[nokia123]

so your lawyer is unaware that some of your rent is covered by your son? that could become a problem if your schedules show the entire rent amount as coming out of your pocket.

update, talked to lawyer today about money from my son for rent, he said it's ok because income wise i am still under the amount to file and it will be looked at as an expense.