Reporting salary increases/job changes

[horseluvr]

We are in Chapter 13 in NC. Was just wondering the "rules" for reporting salary increases and/or job changes. Are you allowed to "keep" a certain percentage for cost of living or do all salary increases during the duration of your plan go to your creditors? Anyone have any experience with this? Thanks!

[aa06a47]

I've heard you have to report any increase greater than 10%, but that is hear say, I would contact your lawyer. That would be great for me, I can't remember any raise greater than 3% in the past 5 years.

[Minnymouth]

Usually all changes in income are reported to the attorney handling your repayment plan.... this includes any lost wages, job layoff, etc....

Your plan will be adjusted accordingly... either way.

[13inOR]

we were told anything over 12%.

[horseluvr]

Thanks for your replies. My husband's department is being merged with another resulting in a salary increase to bring him in line with the other employees in that department. 7 1/2% plus 2 % normal cost of living increase that they receive each year. We've contacted our attorney, but are still waiting to hear back.

[SinkingFast]

You're probably OK. Close, but, hopefully OK.

All the attny paperwork we've seen asks about anticipated income increases or decreases in excess of 10%.