When we first met with the Trustee and filled out all of our paperwork, my income from the Nat'l Guard was $150/month. turns out that's an exception, as mostly my monthly income is $300 roughly. Should I report this now to my attorney and the Trustee? That would imply more money into my plan. I will be confirmed in about 3 weeks. Additionally, I make a military trip to other States for 2 weeks each year... that's roughly about $1600. When the Trustee reviews my income tax next year, will he see all this? What are your thoughts? PS - This is not my only source of income - I am employed some place else.
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The Court reviewed your filed taxes right?? Was this income was included before when you filed your taxes previously?? If so, I wouldn't worry about it. They already know you draw a certain level for monthly service and your trips for training were included previously.
The only concern I'd see would be the impact of the extra $150/month on your overall total income. An extra $150/month is gonna add an extra $1800/year. Do you make over $18,000 in your regular job?? If so, don't worry about it. Typically the Court wants you to report income increases in excess of 10%. So if you make $40K at your day job, then don't worry about it.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen... -
Yes, when we first turned in our income tax last year, the extra money on my trips (which were 2 trips=4 weeks) were included. Yes, our combined income is about $50K net. In your opinion, this should be ok, then? Thanks!Comment
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