if you recieve a bonus from your boss does this have to be included in your income and if so what happens to it, are you allowed to keep it
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if you recieve a bonus from your boss does this have to be included in your income and if so what happens to it, are you allowed to keep it
Technically there are two ways to react to this.
The first, and most beneficial to you, is that it is treated as income and included in any surplus calculation that is done.
The second way is to consider this after-acquired property (i.e. property that devolves on you after the filing of a bankruptcy but before you are discharged). Any after-acquired property vests in the trustee, so you would loose the full amount of the bonus.
As you can see it is better for you if the trustee considers this income.