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Reduction in Living Expenses after discharge

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    Reduction in Living Expenses after discharge

    We are about to be discharged in the next few days. Due to the timing of an unfortunate death and inheritance, our no asset case is being converted to an asset case. Couple of questions....can we increase our income without any affect on the case and is it ok to have a reduction in our living expenses?

    #2
    You can. Your BK estate is essentially set the day of filing. Once discharged, you can increase ncome and decrease expenses as you need to.
    Filed CH7 - 10/13/05;
    341 Meetings: 11/28/05, 3/20/06, 12/4/07 (3d time's a charm!)
    Converted: 2/15/06 (to CH13), 10/15/07 (Back to CH7)
    DISCHARGED: 2/15/08

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