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Exempt Income

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chilibill

Member
What is the name of your state? Florida

I understand Social Security disability, VA disability, and military retirement are exempt from forefiture in a Chapter 7 BK. If my only income is from these sources, will I need to prepare a list of living expenses?
 


C

cyana

Guest
Yes... you still have to fill out the Income form AND the expense form.
 

Elmo-1

Member
Even if those incomes are exempt, they're still used to evaluate your finances for 'substantial abuse'.
 

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