Deck 7: Bankruptcy Intake: Employment, Income, and Expenses

Question 1

A gig economy job can affect __________.

A) Schedule I
B) Means Testing
C) all of the above.
D) none of the above because the income is minimal.

Answer 1

all of the above.

Question 2

Because tax refunds are income, it belongs to the client and not the bankruptcy estate.

Answer 2

False

Question 3

Tax refunds are exempt property.

Answer 3

False

Question 4

The Bankruptcy Intake should be completed by the _______.

A) lawyer.
B) paralegal.
C) client
D) by the paralegal by reviewing the client's expenses through documents such as bank statements and mortgage statements.

Question 5

Five months ago, Tim worked only one day as an Uber driver because the next day he was hired for full-time work. Because he earned less than $50 that day, his income is not included for purposes of Means Testing.

Question 6

Due to an increase in income, the debtor is expecting a tax refund. In January, you first became aware of this issue when the client made the last payment of fees and costs. What should be discussed with the client?

Question 7

Why should the client complete the Bankruptcy Intake and not office staff?