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WALLSTREETESQ
WALLSTREETESQ, Attorney
Category: Bankruptcy Law
Satisfied Customers: 17080
Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
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My husband and I had chapter13 a couple of months ago. Now

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My husband and I had chapter13 a couple of months ago. Now I am planning to start a business. How would the court look at the proceeds from the business? Would it be better to have my business partner list it under his name?

WALLSTREETESQ :

Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarificati on

WALLSTREETESQ :

If you are going to start a business, consider creating a corporation,

WALLSTREETESQ :

and have the income go to the corporation,

WALLSTREETESQ :

this way it is not treated as income for you but for the corp, you can have the Corp issue you monthly income through a w2, if the income is significant, you should advise the trustee of the increase of income, and the trustee may make you increase your montly payment.

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monthly

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