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?

Questions

One Response to “laid off work”



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.

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