In figuring out income for a Chapter 7 filing, are workers comp payments exempt?
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In figuring out income for a Chapter 7 filing, are workers comp payments exempt?
My husband grosses $5700/month and I receive $1906/month in workers comp. In WA.
Asked on June 29, 2011 under Bankruptcy Law, Washington
Answers:
Mark J. Markus / Mark J. Markus, Law Offices of
Answered 12 years ago | Contributor
Whether income is exempt or not has nothing to do with whether it gets included in the "means test" for determining eligibility. Workers Compensation payments received in the 6 calendar months prior to filing your case must be included in Form 22A. How and to what extent that affects your eligibility for Chapter 7 depends on a myriad of other factors. You need to consult with a bankruptcy attorney in your area for more direction.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
Mark J. Markus / Mark J. Markus, Law Offices of
Answered 12 years ago | Contributor
Whether income is exempt or not has nothing to do with whether it gets included in the "means test" for determining eligibility. Workers Compensation payments received in the 6 calendar months prior to filing your case must be included in Form 22A. How and to what extent that affects your eligibility for Chapter 7 depends on a myriad of other factors. You need to consult with a bankruptcy attorney in your area for more direction.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
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