One month before being forced into bankruptcy Lyle retired from his position as president of the brothers' company. He then began drawing an amount equal to his old salary ($4 million per year) as his pension. He claimed that the pension was exempt from his creditors' claims as the state exemption mirrored the federal exemption in the area.
Is he correct? Explain.
Yes, his is allowed exemption from the collectors.
ReplyDeleteyes it is allowed as exemption fron the collectors
ReplyDeleteyes he is exempt from collectors
ReplyDeleteYes, allowed exemption from the collectors
ReplyDeleteNo, he claimed his pension on his own without filing any papers, so he is wrong.
ReplyDeleteyes, exemption from the collectors.
ReplyDeleteYes allowed exemption from the collectors
ReplyDeleteYes he is allowed exemption from the collectors.
ReplyDeleteno he claimed it himself it does not show that he filed for it before the exemption with the creditors.
ReplyDeletePlease share more like that. Business law
ReplyDelete