Raise between filing and 341

[TooMuchCredit]

What if I get a raise between the date of filing and the 341 meeting? Will they make me amend to pay more (all of the raise)?

I am above median, will pay less than 100% over 60 months. Raise will be 1-3%.

In looking at the rules for this district, you have to bring Picture ID, SS Card, and current proof of income to the 341 meeting. So that current proof of income will show the raise if the 341 is 60 days after filing.

[liz417]

I would ask your attorney, he/she would know what the Trustee expects. Some districts only require you to report anything over 10% increase. Also, at your 341, the Trustee will probably ask if anything has changed on the petition.

[njguy1972]

Your district may have a checklist that shows what you need to bring.

That will probably include pay stubs for the past 2-6 months. The pay stubs are proof.

1-3% is not a lot. If you make 100k now 3% is only 3k which may only amount to maybe $175 per month after taxes.


If you got a 10% raise it may raise a flag.

[mynameainttracy]

My husband went from being self employed and struggling to having a decent paying full time job between the time we filed and the 341. All of our problems were not solved, but it was great for our stability. I was extremely scared about how it would affect our case. Ideally my husband would have taken the job after the 341, but from a timing standpoint that wasn't possible. We informed our lawyer who pretty much said "so?" and then at the 341 we informed the trustee of the job changed. He just asked who the new employer was, wrote it down and went onto the next question. I was so relieved.

[justbroke]

What if I get a raise between the date of filing and the 341 meeting? Will they make me amend to pay more (all of the raise)?

It depends on many factors. Technically, you are to give all of your disposable monthly income, or DMI, to the Trustee each month. Generally, Trustees don't care about small raises as they treat them as "cost of living" adjustments.

I would inform your Attorney. he will probably do nothing, as the new income doesn't affect the "lookback" (6 months). However, substantial pay increaes may affect your future projected DMI.