Question Re: increase in $ from new job offer..

[SMinGA]

Use this:

http://www.justice.gov/ust/eo/bapcpa/meanstesting.htm

You'll have to choose a filing date, as median incomes are adjusted every now and then.

And I definitely agree - when you submit a revised plan be sure and claim all reasonable expenses that you can. I believe the means test @ time of filing is the only factor in determining over/under median for whether you have the option of 36 months. (In the sense that anyone over median can only do 60.) Best to check w/ atty though.

As to your atty having bad info - unfortunately that seems kind of common. Part may be that its not often someone files and then gets a hefty raise???? Don't know!

[Pandora]

Thank you Ma'am

[Nomad]

Don't ask, don't tell.

[julsmom]

thanks

that was all most helpful...yes for our situation, we are above the median, so we didnt have a choice, we have to be a 60 month plan. so with his new job, then yes we would end up paying more in. Which really did stink but oh well, like you mentioned its not like we could ever turn down that opportunity. Ours is just really screwy because he is paid as a consultant so its really hard to gage on what he will actually "make" since he has to pay his own taxes, insurance, 401k, etc so are having to do a lot of estimating. I am wondering what the heck the trustee is going tothink of that.
just seemed the easier thing would have been to file us how we were and then adjust later...it would have made life a lot less stressful

[Pandora]

Don't ask, don't tell.

now you know thats not a good idea even though I'm sure everyone facing this particular situation would love to do that. We're not even sure if the trustee will require our tax returns at the end of every year at this point - and that would be a dead give-a-way, right? Nope, I'd rather not chance having everything thrown out after working so hard with budgeting and payments for a measly increase in the base plan. If it increases, so be it - it'll just get paid in 5 years vs. 15, plus no interest paid in nor attorney fees from the 2nd's side. ;)

Jules - I'll keep you posted on how things go and you keep me posted on how they go on your end. We can keep each other company in this mess