Income increse post-filing?

[djk]

Danny, you were too proud, yeah..that's the ticket. anyway, i was not working when I filed chapter 7 no asset and my income schedule showed zero while my expense schedule showed just the bare minimum expenses to survive. it's now a week before my 341 and I start a new job this coming week. My income will be back to my usual earning potential and my expenses will also rise because I actaully have the money to afford more than basic survival. So how is the court/trustee going to view this? taking into consideration that I'm no longer making the payments on the debt load, I will have money left after all the expenses are paid, but it won't be a substantial amount. part of my situation was I was working more than one job to just manage the debt load, got behind late last year and was faced with the finance rates moving from 4% to a default of 30% on 75% of my total debt load in addition to the increase in the principle the creditors wanted, in other words, meltdown. Presently, with working just one job, I'm concerned if having money left would place my case into question. Any ideas from those who may have been done a similar path?

[Danny234]

Something I'm not understanding is: What is the "Date" of one's BK? Why does EVERY lawyer tell me: "It's your situation on the date of filing that matters," if this is not the case.

Further, what is the purpose of BK, if it encourages people not to work for months after they have filed? Am I missing something?

[Danny234]

And -

Are there any comments on this thread?: (Referenced above)

http://www.bankruptcyforum.com/showthread.php?t=2617

[Danny234]

I found this at the American Bankruptcy Institute. It clearly says, in reference to Chapt. 7:

"The bankruptcy case addresses only the debts the debtor has at the time of the bankruptcy case. Future debts must always be paid as usual. Debtors are allowed to keep the money that they earn after filing the bankruptcy case, as well as most other property that they obtain after the filing."

Link: http://www.abiworld.org/Content/Navi...Concepts.htm#2


How accurate this is, I have no idea. There seem to be a lot of different opinions. HELP!!!!

[bkfiler]

you have to read carefully.

that post you just gave has to do with a chapt 7.

does it speak at all to how the income could through you into a chapter 13? no.

just think it through for yourself. again, is there a pattern to the income, can the trustee rely on that income to push you into a chapter 13?

do you really think if you got a long term job for more money during you bk and the trustee got wind of it you wouldnt be subjected to a chap 7 objection if he thought he could make money off of it?

all this stuff terms out mostly to be about money.

when in bk lots of things can happen. those are one set of answers.

lots of things dont happen, thats the other set of answers.

what more can we say?

besides, didnt you say you have worked at all for awhile? adn this is only a littel bit of money?

let me ask you this.

what do YOU think is going to happen?

what did a new free atty say about the subject?

[Danny234]

Thanks, I agree with you. I appreciate the feedback.

[bkfiler]

also, i was thinking - answers very and there is a very good reason for that. it shows your the BS that happens during a bk. a trusteem, judge creditor can all let things slip by depending on hand shakes, favors, work load, amount of money in the situation, etc. thats why so may answers.

if i remeber you situation right, (no work for a long time and a possible temp job right now) i dont think anyone is going to take that money.

let us know.