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Should the Stimulus rebate be considered an asset?
Assuming a person is filing for Bankruptcy. Do you think the Stimulus Rebate should be considered an asset in a bankruptcy case? With this being said. I have heard from several sources that Bush stated that the stimulus rebate is suppose to be used for consumer spending to help stimululate the economy and not for bill or loan payments. If the trustee seized the stimulus rebate, I would consider this to be used for bills and not what the money was intended for. Therefore, I feel that the stimulus rebate should not be considered an asset and exempt from any chapter bankruptcy case. Let me know what your opions are. Feel free to rebut my opionion.
2 Answers
- Anonymous1 decade agoFavourite answer
wrong in this case it think it should be used to reduce debt!!!
- Anonymous1 decade ago
You can use the stimulus rebate however you like. In your case it may be good to pay debt. But once you cash that rebate check it will be a cash asset.