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income changes -- 100% comission - how will this effect me?

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    income changes -- 100% comission - how will this effect me?

    i am considering filing chapter 13 and have recently started a new job which is 100% comission. i have a base salary of 2k a month for my first three months. i am concerned that after 6 months or so i could have some months where i make 6 or 7k a month(or more) and then make 2k next month. i am not sure how any of this will effect me if i file bankruptcy. any help would be greatly appreciated!!!!!!

    #2
    Originally posted by oaklag
    i am considering filing chapter 13 and have recently started a new job which is 100% comission. i have a base salary of 2k a month for my first three months. i am concerned that after 6 months or so i could have some months where i make 6 or 7k a month(or more) and then make 2k next month. i am not sure how any of this will effect me if i file bankruptcy. any help would be greatly appreciated!!!!!!
    File as quickly as possible, your current income may allow you the chapter 7 route vs the 13. If you wait until your in the 6-7k a month, that will affect the average for the means test.
    Chapter 13 Filed 4/03/06 :blink: 341 Meeting Complete 5/11/06 :yes2:
    Plan Confirmation 6/16/06 :yahoo:
    Discharged: 1/5/2010 :yahoo::yahoo::yahoo::yahoo:

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