Hello all,
So now I'm working on completing the Statement of Financial Affairs and the Statement of Current Monthly Income -
For the Statement of Financial Affairs we need to list all income received last year. In August we were given a cash gift of $3500 from a ministry to help with our financial hardship; it was used to pay rent, living expenses, and make our monthly debt payments at the time. I'd say I don't need to list it as "income" anywhere because it was a one-time gift, not "earnings" as they're generally defined by tax laws, etc., but I want to be safe. I'm a little worried about excluding the $3500 and then if the trustee asks to see bank records, he'll see it on there as a deposit and question it.
Thoughts?
So now I'm working on completing the Statement of Financial Affairs and the Statement of Current Monthly Income -
For the Statement of Financial Affairs we need to list all income received last year. In August we were given a cash gift of $3500 from a ministry to help with our financial hardship; it was used to pay rent, living expenses, and make our monthly debt payments at the time. I'd say I don't need to list it as "income" anywhere because it was a one-time gift, not "earnings" as they're generally defined by tax laws, etc., but I want to be safe. I'm a little worried about excluding the $3500 and then if the trustee asks to see bank records, he'll see it on there as a deposit and question it.
Thoughts?
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