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  1. #5
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Personal Injury Claims and Bankruptcy

    But it is not income. It is basically trading a body part for cash. Your arm suddenly becomes a lump of cash.
    so when I go to work and they pay me that isn’t income? I trading my labor for money.

    When i sell a car that, doesnt produce income?

    Income is exactly what it sounds like. The source and purpose and how it is viewed under various laws may vary but income is income.

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