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On reporting increased income

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    On reporting increased income

    I have a car payment that will expire a year from now, meaning I will have $250 additional dollars in my pocket. Do I have to report this to the trustee?

    #2
    Ask your lawyer. He/she knows what the practice is when asset payments end in your local court and how your trustee treats the situation.

    Some trustees will petition the court to increase your payment by adding on what you were paying on the car payment. Other trustees could care less. Your lawyer is the most reliable source of information about what you need to do or not do when your car payment ends.
    I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

    06/01/06 - Filed Ch 13
    06/28/06 - 341 Meeting
    07/18/06 - Confirmation Hearing - not confirmed, 3 objections
    10/05/06 - Hearing to resolve 2 trustee objections
    01/24/07 - Judge dismisses mortgage company objection
    09/27/07 - Confirmed at last!
    06/10/11 - Trustee confirms all payments made
    08/10/11 - DISCHARGED !

    10/02/11 - CASE CLOSED
    Countdown: 60 months paid, 0 months to go

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