[CLBS] Chapter 13 question

[Kelly Greene McConnell]

Debtor is paying on a confirmed Chapter 13.  She recently got a notice from her employer that as part of her stock incentive plan she got an award of stock that was redeemed (for the 100% vested part) which is worth about $500.  They sent her a stock certificate - minus taxes, which they took out.  They gave her a payroll stub showing the taxes she paid on it.

Is she obligated to turn that over to the trustee?  If she just cashed in the stock could she get in trouble? What if she doesn't cash it out?

Kelly Greene McConnell, Esq.
[cid:image001.jpg at 01CD6B32.FF0559D0]
601 West Bannock Street
Boise, Idaho 83702
Phone: (208) 388-1200
Fax:      (208) 388-1300
Direct:  (208) 388-1282
This message may be confidential
and entitled to legal protections.


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