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bonus not listed...should this one matter?

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    bonus not listed...should this one matter?

    I filed ch 13 last Friday although I was ready to file at the beginning of Aug but had to push it off due to my attorney's schedule. On 20 July I received a bonus in the amount of $350 or so after taxes ($500 before taxes). The check, though, was dated in June. I did not list it in the bk schedule (I assume its would be considered an unliquidated asset if I did list it) with the intent of depositing it in the checking account, whose balance with the deposit was exempt. I did not deposit the check before filing. Had I deposited the check, my checking account balance would still be exempt.

    Three days after I filed I opened a new checking account with another bank and deposited the bonus in the new account. The checking account was opened so I can transition my direct deposit and banking from my old account.

    Should I mention the bonus, amend my bk schedules or just let it ride? My normal bonuses are $4000 or $5000 and are generally given in Dec. This bonus was for employee of the quarter. It was unexpected and by the time it was presented it to me I was about ready to file.

    Your thoughts are always welcome.

    #2
    Let your attorney know.

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      #3
      As keepmine said, let your attorney know. But that bonus is so small compared to what you had been getting, I doubt he/she will bat an eyelash.
      "To go bravely forward is to invite a miracle."

      "Worry is the darkroom where negatives are formed."

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        #4
        I think to that this may be a matter of when you got it, if you can prove that.

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          #5
          I want to thank you guys for encouraging me to tell my attorney. As you may know from another post, I was absolutely terrified of disclosing things to my attorney. This board is great therapy.

          He did not congratulate me for making employee of the quarter, but he said that the amount is so little and also that its not recurring income, so not to bother with an amendment.

          He advised to bring it up at the 341 meeting. He also asked me to keep a list of things I want to bring up at the 341 meeting.

          Thanks to everyone again.

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            #6
            Hey DSIG ((((((CONGRATULATIONS)))))) On Employee of the Quarter.

            Remember, Your Attorney works for you while the Trustee Doesn't LOL!
            Glad you told the Attorney. Like he said it's such a small amount, Trustee will probably leave it alone. I would bring it up as you received a $350 employee of the quarter check. Don't mention the $500 Unless the Trustee asks is that Gross or Net.

            I think our BK Attorney knows the history of myself and DH! I trust him and so far I have every reason to trust him. I can't wait until 8/31/09 as I can complete all my paperwork & print it.

            Hugs,

            Luci

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              #7
              I still don't understand why this is an issue at all as it was received after the filing date.

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                #8
                thanks Luci. Kenshirley, the bonus was received prior to filing. I forgot to deposit it in the checking account whose balance is exempt. Anyway, the attorney did not seem too bothered by it. I did get a nice call me e-mail from him today on the IRS. I'll post that drama in its own thread

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                  #9
                  Oh, OK, I just misunderstood, again
                  It is a small about and about what our tax refund was. They did not want it and we told them we used it to buy food and such for the house.

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