I just got hired for a new job starting the 15th. Though the pay isn't huge its going to be coming twice a month resulting in 2 fair sized checks a month. Should I worry about the trustee trying to grab this new income? I know this seems silly but I don't want to loose what i am getting
Sweet, You have to report your additional or newfound income, if you don't, you could face much bigger problems than the Trustee wanting a cut. Sassy
Or, do you anticapte the discharge by the 15th? I think you're ok but, run it by your lawyer if you're worried.
I made a mistake about the start, I start my job on the 3rd, but don't get paid till the 15th. The bankruptcy will discharge on the 9th as far as I know.
Sweet, I'd forget about it. The trustee would be concerned if this was some windfall that came about unexpectedly. Like winning the powerball or a sudden inheirtance. The process where you get on with your life and improve your circumstances as a result won't result in reopening your case. If the facts were truthful when you filed and nothing unexpected occured, you're ok.
The trustee never said anything about reporting a change in jobs, just asked if We expected to receive any settlements, or could sue anyone. The lawyer never said anything about it either. This job was not in the picture when we filed, nor was it expected to come about down the road.
Like winning the powerball or a sudden inheirtance. ---------------------------------------------------------------------------------- If this did happen would they try to put a LIEN on it???
ok, just making sure. I didn't figure that they would come after it, or they would have said something about it. This is not a winfall, just a recovery. Everything was correct when we filed, and if they investigated that would simply have comfirmation that it was so. I had to look for another job because my employer cut my hours down to 1 day a week and I certainly can't live on that. It's not like i'll be grossing some large amount a year, all in all its pretty modest. George, I think they probably check your personal records when you win something like that....they would probably confiscate it and pay your creditors before you saw any of it.
There is something like a 6 month {I think that's the time frame} where technically, you are still under the trustee's control so, if a windfall occured the trustee would claim it for the creditors. But realistically, unless you win something big and the media reports your bk nothing is going to happen. With 1.5 million bk's filed last year, trustee's are busy with the current caseload.
IF YOU WIN $137,000,000 YOU BETTER GIVE IT TO YOUR PARENTS OR KIDS OR COUSIN OR EVEN YOUR NEIGHBOR FOR 50/50...
You can check with your lawyer, but I remember reading that what you EARN after your case is FILED is yours. New job, raise, whatever, it's yours. The bk code (541) only requires that you notify the trustee within 6 months after you file if you become entitled to: settlements, inheritances, life insurance proceeds, lottery winnings, gifts of money, or property you receive in a divorce proceeding. Good luck on the new job and don't worry about it, you're fine!
