Q: If you’re in ch 13 case in Georgia. Is the stimulus part an asset of your bankruptcy estate that must be surrendered ?
Confirmed last year.
A: Hi there. Lots of people asking that question today! The CARES Act amended the Bankruptcy Code to exclude the stimulus payments from the definition of "current monthly income," meaning that if you can show that the funds come from the stimulus payment, they should be treated the same as Social Security and VA Disability, and exempt.
A: No. Stimulus is not an asset of the estate.
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