Damned if I do,damned if I don't .

[anabell36]

I deposit my Dad's SS check in my account every month. I have done this for the past 10 years. His name is nowhere on my account and the bank has never questioned it.

[ghk3rd]

Ancilary info re depositing to anothers account .

Does anyone know if I could expect any problems from IRS relating to the deductability of mortgage interest if I used another persons check to make my mortgage payments ???
Could I negate any consequences by simply stating on check whose money was being used or would I have to take additional methods ?

If so could I perhaps bypass any problems by using cashier checks ?? Money orders on a 3000 payment would be very expensiv and probably dangerous to take that much cash to a dispensing agent.
I get a years end expense statement from B of A is that all IRS would care about ?

[frogger]

My experience with banking is different than jribe. I've deposited many checks from others into my account without them being on my account. I deposited my former step-daughter's checks every week for over a year until the divorce last year. While she was over 18, she didn't have a bank account of her own. I simply endorsed beneath her signature and put it in the checking account.

Agreed. I can deposit anything into my accounts without even a second look.

[ghk3rd]

OHBOY,

The county clerks in some states are required to file pretty much any document you hand them. I have not filed one of the asset exemption claims, but have read a bit about them. Their legal standing is unclear, but usually the people who file them are expecting to be sued and use it to try to thwart garnishment of exempt wages.

When filed, if you can or do pursue this, you would give a copy of the filed exemption to your bank, credit union, mortgage holder, whoever you wanted to refuse the garnishment or lien. Whether they accept it is uncertain, but in the eyes of a person filing it, it is worth attempting in the hopes that someone in the chain will recognize it. Later, if you DO land in court, there is a higher chance of success with less money spent.

That's the theory.

I know a couple folks here on the forum filed this sort of document. Whether it helped, I can't say, and we debated the merits of doing so. It may not help, but it can't hurt either.

For multiple holders of debt, who are not married, wouldn't you all have to file separately? I mean, your kids as a couple, and you singly? I imagine the exemptions would be tested three times doing this, but only one could claim the homestead exemption? I do believe income from all sources would need to be considered, as well, and though yours is exempt from the means test, CH 13 may be a possibility once the overhanging debt load is relieved. Just thinking aloud, so to speak.

Best wishes with all this, and I hope it all turns out well.

Please someone clarify. From this post i assume retirement income is exempt from means test . I thought it was only exempt frome le4ins and/or garnishment,but still has to be counted under the means test .WHO IS CORRECT . THANK YOU