My husband and I filed chapter 7 jointly in December. Our discharge is due this month. My husband found out from his employer that they were paying out a bonus he referred to as a company incentive program. After taxes were taken out he got $5500. He got this deposited with his paycheck last Friday and we called our lawyer the same day. Our lawyer got back to us today and said he was glad we called and to not spend it and keep it in a savings account and that he would check into it. We weren't planning on spending any of it without our lawyers advice. So now I wonder if the trustee will request this. If he does then he does I guess.
But, the trustee asked about work bonuses or anticipated future income at the 341 and our lawyer told us right before it was our turn that it didn't matter. In other words my husband asked him would a bonus be an issue and the lawyer said no.
This bonus is something he has rec'd in the past annually but it is never guaranteed because it depends on if his company did well the year before or not. My husband could not have anticipated he would receive this bonus or how much it would be. The company didn't even announce it until mid February.
What might the outcome of this be? We are already an asset case because we get a nice tax refund that we have to turn over and my husband was getting garnished by a creditor during the preference period and the trustee moved to get that back. Trust me though, we are just happy to be moving in the right direction and get a fresh start.
But, the trustee asked about work bonuses or anticipated future income at the 341 and our lawyer told us right before it was our turn that it didn't matter. In other words my husband asked him would a bonus be an issue and the lawyer said no.
This bonus is something he has rec'd in the past annually but it is never guaranteed because it depends on if his company did well the year before or not. My husband could not have anticipated he would receive this bonus or how much it would be. The company didn't even announce it until mid February.
What might the outcome of this be? We are already an asset case because we get a nice tax refund that we have to turn over and my husband was getting garnished by a creditor during the preference period and the trustee moved to get that back. Trust me though, we are just happy to be moving in the right direction and get a fresh start.
Comment