Expenses vs.Income..Last 6mo or Future Earnings?

[paulsten]

I'm in a 13 and I need to ammend my plan as income has decreased
and expenses are up.
So I could qualify for lower 13 payments or convert to a 7 possibly.
How do they determine expenses? Last 6 months or Future projected earnings? THanks!

[StaciMM]

I think they would look at your current situation (and the past few months happenings) but if you know things are going to improve right around the corner, that can probably work against you.

This is more theory than fact, but I'm thinking the trustee has the final say, so he can interpret things as he wants to. If you can document that things are NOT getting better, that helps you.

Also-think about why you filed 13 and if it would be good to convert. If you filed to save your home, for example, then has enough been paid to the mortgage co to cover your past due amount?