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  1. #1
    Join Date
    Jan 2009
    Posts
    2

    Default Pension Income and Misc Income

    My question involves bankruptcy in the state of: Texas

    I'm assisting my retired mother-in-law on Social Security file for chapter 7. She receives a monthly payment from her ex-husbands pension, the bank statement calls it an annuity payment, how do I list it, on Shcedule D or Shedule I?

    Second question is about Misc. Income. She supplements her income by renting bedrooms in her home to college students. There are no leases and occupancy isn't always consistant. Is this to be included on Schedule I?

    Lastly, she also does nonprofit animal rescue and charges an adoption fee. This income varies significantly. Should an average be included on Schedule I too? I am assuming so since all of these income sources appear on her bank statement and I am assuming that the trustee would notice that and question where the money is coming from.

  2. #2
    Join Date
    Sep 2005
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    Behind a Desk
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    98,846

    Default Re: Pension Income and Misc Income

    Schedule D is for listing creditors holding secured claims against the debtor.

    Schedule I is for listing current income.

  3. #3
    Join Date
    Jan 2009
    Posts
    2

    Default Re: Pension Income and Misc Income

    Sorry I ment to say on Schedule B no. 10 that asks about annuities or on Schedule I or both? But what about my other concerns? And does it need to be concidered as income?

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