Severe drop in income right at the beginning of Chapter 13

[Contemplating]

Suppose that you suffer a severe drop in income with almost no savings and this pretty instantaneously causes you not to be able to make any of your unsecured payments.

Now, from what I understand there is a 6-month "means test" to see whether or not you qualify for Chapter 7, but, again, suppose that that income no longer reflects that you actually have coming in.

Would you simply have to wait the six months under the lower income before filing at all or what options would you have available?

[AngelinaCatHub]

You want to make sure the Trustee realizes what happened, and see first, how he wants to handle it. Then if it looks like long term, convert to a 7. You have your 13 lawyer? He can advise of course, better than we as he knows your situation better. 'Hub

[Flamingo]

Prior to our 341 hearing and after we filed, the company at which I worked went bankrupt. Talk about being left between a rock and a hard place....I immediately contacted our attorney and was advised to get another job ASAP. I did but at $6,000 per year less. Our plan was modified accordingly at our 341 to reduce our payment due to the $6,000 less in income. It appears you have not yet filed and you are going on assumptions. You cannot base any bankruptcy filing on events that have not yet occurred or on assumptions.