Chapter 13 Filed, freaking out

[Zacharge]

During my five year Chapter 13 I got one promotion, six raises and seven bonuses, no one change was more than 9% (10% seems to be a common trigger point), and over the course of the bankruptcy, my income increased roughly 40%, even still, my payment didn't change. The only time the Trustee got more than the plan was when I got a large tax return and he asked for everything over $1,250.

You are just coming in hot with good news today, so thank you. I've calmed down and wrapped my head around everything and re-realized I'm forunate enough to be in a better spot than people in my life who have filed a chapter 13, and given worst case scenarios I'll survive. So thank you and everyone else who's been replying here!

[shipo]

I'm not sure if adjusting my 401(K) withholdings impacted what the Trustee did or not, but each year during my bankruptcy, I dialed up my contribution which effectively kept my net income flat; over the five years my tax returns were all within $1,000 of my first return from when I filed.

[alaska708]

The problem is $60,000, for me is living pay check to paycheck, I live in Texas and if I find out that my payment for CH13 is too
high than I will just wait until I can file for a Ch 7. I filed a Ch 7 back in 2018 and back in trouble again but with cost of my rent doubling from $865 to almost $1,600, had buy a new car which is $635 for a Honda, cost of ever rising food and everything else I’m not going to pay some ridiculous amount for 5 years! Best to wait, try and save money and file for Ch 7 here in a few years.
Not much creditors can do here!

[Zacharge]

The problem is $60,000, for me is living pay check to paycheck, I live in Texas and if I find out that my payment for CH13 is too
high than I will just wait until I can file for a Ch 7. I filed a Ch 7 back in 2018 and back in trouble again but with cost of my rent doubling from $865 to almost $1,600, had buy a new car which is $635 for a Honda, cost of ever rising food and everything else I’m not going to pay some ridiculous amount for 5 years! Best to wait, try and save money and file for Ch 7 here in a few years.
Not much creditors can do here!

Ya it's definitely getting more expensive out here. I'm in the DFW area and rent has gone up quite a bit. Thankfully we're a duel income, no kids household with no plans to have any. So that and splitting rent and car 50/50 makes things a lot more affordable.