[CLBS] Income on Exempt Money

[Cameron Phillips]

I recently met with a quadriplegic woman who was in an accident about 30
years ago and as a result received an award of about $950,000, enough to
 take care of her "for the rest of her life", she thought.  But, due to
some poor investing directed by a Certified Financial Planner or two, and
the ongoing medical costs associated with her condition, as well as
occasional credit card usage, she is running out of money.

Does anyone have any thoughts on whether the income earned on the original
award is exempt, as the award itself would be?  All of her gains and losses
on stocks are documented, as are the dividends and interest she's received.

So, would a chapter 7 but the entire remaining money at risk, since it
could be seen as commingled?

I will appreciate any ideas hat may be out there.

Cam Phillips


Cameron Phillips
Attorney at Law
924 Sherman Ave.
Coeur d'Alene, Idaho  83814

208 667 5437
208 664 2114 FAX

cam at camphillips.com