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Length Of Plan Question

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    Length Of Plan Question

    If you are confirmend with a 3-year plan because you are under the median income are you locked into that length of plan? What I mean is if you go over the median income level whilie you are in the plan, can the trustee or anyone move you into a 5-year plan?
    Chapter 13 Filed (Pro Se) - 9/30/09
    Confirmation Date - 12/1/09
    Stats - $1752/month, 29/36 completed, 4% to Unsecured, Lien Stripped 2nd Mortgage

    #2
    No they cant, but if you get a very large pay increase or second job, you may need to report this to your attorney, so they can increase your monthly payment. But each court or trustee has their own policy regarding this issue, you will need to consult with your attorney, or review your paperwork from the trustee.

    But no, they cannot all of the sudden change your plan on the basis that you are now over the median income, the median income levels are changing all the time anyway, so its a non-issue.

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      #3
      Thanks for the reply!
      Chapter 13 Filed (Pro Se) - 9/30/09
      Confirmation Date - 12/1/09
      Stats - $1752/month, 29/36 completed, 4% to Unsecured, Lien Stripped 2nd Mortgage

      Comment

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