Keywords: means test . retirement income . income .
(annual bonus received within six months of the petition may not be prorated over twelve month period
Means Test > Income > Retirement Income Income: Pension income vs. IRA withdrawal, etc.7 Cases , IssueID 16 |
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Ch 7 Means Test |
Ch 13 Means Test |
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Topic Description:Are distributions from an IRA treated as "income" for purposes of CMI Lines of Cases:
Topic Background / Overview:Not all retirement income is the same. Distributions from an IRA have been held not to be income, because it is income that has already been recieved once. It is more like a withdrawal from savings, or a transfer from savings to checking account, rather than income, so such distributions are NOT considered part of CMI for purposes of the means test or devising a Chapter 13 plan. |
No Ninth Circuit cases in database on this topic
voluntary distributions from IRA received when deposited into IRA, not when distributed from it
401(k) withdrawal should be included in CMI calculation for Ch 13
voluntary distributions from IRA received when deposited into IRA, not when distributed from it
401(k) withdrawal should be included in CMI calculation for Ch 13
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