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Question about Line in Confirmation

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    Question about Line in Confirmation

    So the final Confirmation doc was posted on Pacer. Yeah! The only line about income is "IT IS FURTHER ORDERED that the future income of the Debtor(s) is submitted to the supervision and control of the Trustee, as is necissary for the execution of the Plan (or Amended Plan)."
    Can any of the legal begals tell me exactly what this means to me int he future? It does not mention anything about raises, bonuses, or tax refunds in the document....
    Any advice appreciated!
    Filed CH13/5yr 7/29/10
    341 10/7/10
    Confirmed 11/7/10

    #2
    It's a legalistic way of saying that you will make your plan payments. Your plan payments are made out of your future income. You submit your future income to the trustee to the extent necessary to make your plan payments.
    Pay no attention to anything I post. I graduated last in my class from a fly-by-night law school that no longer exists; I never studied or went to class; and I only post on internet forums when I'm too drunk to crawl away from the computer.

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      #3
      Thanks MSbklawyer!
      Filed CH13/5yr 7/29/10
      341 10/7/10
      Confirmed 11/7/10

      Comment

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