laid off work
November 15th, 2007 by Questions
if i were to receive a severance package during bankruptcy would all that go into paying creditors owed?
One Response to “laid off work”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
November 19, 2007 at 9:52 am, A licensed trustee said:
That will be up to your trustee. It may be treated as a “windfall” in which case your trustee may seize the entire amount, or it may be treated as “income” subject to the surplus income rules – you need to discuss this with your trustee to determine how it will be handled.