Hi all-
We've been in our plan since 3/1/09--have a couple of questions for you all.
1) my income will be going up dramatically, I will be graduating with my Nursing degree, already have an graduate nurse position, then will take my boards and if all goes well will be adding about $1200 a month to our net income. The attorney, trustee and judge knew this & just said to let them know when the income increases & submit 2 paystubs to the trustee. What will they do from there--any idea? Do they just tack on the $1200 to what we are already paying?
2)When we originally filed, DH was working overtime, he no longer can do so & our income has dramatically dropped. We want to know if we can submit his paystubs with my new job's paystubs to show the "real" picture of where we stand at this point?
3) Our expenses have changed quite a bit. Our house payment went up over $250/mth due to escrow shortage and increased taxes. A few other categories have also gone up, & I can document these....can we ask them to relook at this as well? It would really be realistic because this is what our future holds for the next 4 years holds....so it is a bad thing to ask them to reconsider our expenses?
4) We have an attorney who is not really pro-active....a very much "well, let's wait & see what happens in 6 months..." kind of person. If I have a question about the semi-annual report from the trustee--can I call their office directly or do I have to go thru my attorney. I did call him with my questions, but he got me even more confused. When he realized how much more income I would be making he told me that the more we pay into the plan the faster it will be paid off. I thought that was not true in Ch13.....
For example, our amt under "Plan Unsecured" is $25741.00 & the amt "needed to complete claims" says $17902.06 because we already paid in over $9K (a huge chunk with our income tax return). He is saying that once we pay off the $17+K we are done with our plan. I thought we keep paying under a CH 13 for 5 years based on what we have left to spend after our monthly expenses......
So, sorry for writing a book but really need a re-education on what we're doing here. Thanks in advance for any advice or pointers on what to read!
We've been in our plan since 3/1/09--have a couple of questions for you all.
1) my income will be going up dramatically, I will be graduating with my Nursing degree, already have an graduate nurse position, then will take my boards and if all goes well will be adding about $1200 a month to our net income. The attorney, trustee and judge knew this & just said to let them know when the income increases & submit 2 paystubs to the trustee. What will they do from there--any idea? Do they just tack on the $1200 to what we are already paying?
2)When we originally filed, DH was working overtime, he no longer can do so & our income has dramatically dropped. We want to know if we can submit his paystubs with my new job's paystubs to show the "real" picture of where we stand at this point?
3) Our expenses have changed quite a bit. Our house payment went up over $250/mth due to escrow shortage and increased taxes. A few other categories have also gone up, & I can document these....can we ask them to relook at this as well? It would really be realistic because this is what our future holds for the next 4 years holds....so it is a bad thing to ask them to reconsider our expenses?
4) We have an attorney who is not really pro-active....a very much "well, let's wait & see what happens in 6 months..." kind of person. If I have a question about the semi-annual report from the trustee--can I call their office directly or do I have to go thru my attorney. I did call him with my questions, but he got me even more confused. When he realized how much more income I would be making he told me that the more we pay into the plan the faster it will be paid off. I thought that was not true in Ch13.....
For example, our amt under "Plan Unsecured" is $25741.00 & the amt "needed to complete claims" says $17902.06 because we already paid in over $9K (a huge chunk with our income tax return). He is saying that once we pay off the $17+K we are done with our plan. I thought we keep paying under a CH 13 for 5 years based on what we have left to spend after our monthly expenses......
So, sorry for writing a book but really need a re-education on what we're doing here. Thanks in advance for any advice or pointers on what to read!
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