We live in California and were discharged with chap. 7 about a year and a half ago.In a month or two my job of 37 years is ending as the company is closing down.I should recieve severance pay,what amount I don't know.My question is do I have to report it to the court trustee ?
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NO, you do not. You were Discharged and that should be the end of the matter. What you did with your money AFTER you filed CH7, was your business, and yours alone, as long as it did not involve receiving an inheritance within 180 days.Originally posted by RickyC View Post
Now, when did your case close? Or has it?
ETA: You should have gotten all this paperwork and filed it away in your BK Ch7 file. That will tell you these things. Where is your paperwork?"To go bravely forward is to invite a miracle."
"Worry is the darkroom where negatives are formed." -
Here's the funny thing about post-Ch 7...
You can get laid off and receive a gazillion dollars in severance pay. You can hit the Lotto the day after your 341 and have twenty million in cash after taxes. You can get rear-ended in the Costco parking lot by a millionaire who wants to pay you $50k because he smudged your bumper a bit.
The only thing that cannot happen is your Uncle Fred passing away within 180 days of your discharge and leaving you twenty bucks in his will. That twenty now belongs to the Trustee.
It's a crazy world sometimes. Somebody ought to sell tickets.Comment
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So even if your pay increases at your job? I work on commission and was wondering the same thing. What if i close a big deal that lands me a big commission after i am discharged - they still cant have that either?! yay! LOLComment
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Your chapter 7 is a snapshot of your financial situation on the day that you filed. Remember.... the chapter 7 is a snapshot, not a motion picture.All information contained in this post is for informational and amusement purposes only.
Bankruptcy is a process, not an event.......Comment
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Virtually anything that happens financially for your benefit after filing is fine. Pay increases - fine. Lotto - fine.
Some sticky areas are inheritance, commissions earned but not paid before your filing, tax refunds from earned income (especially if you file later in the year), and money from pending lawsuits. You will get asked about these in your 341 under oath.Comment
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