You are you viewing the Bankruptcy Forum as a guest (limited viewing).
Don't have a BKForum account yet?
Please REGISTER (it's FREE & takes 30 seconds) so you can post your own questions and see all the features available to registered users.
If it's before your 341, then if the trustee asks during your 341 if your income has changed since you filed, you get to answer "yes". Hopefully the increase will not push you over your state's median income if you are filing Ch 7. If you are filing Ch 13, increasing your income could change your monthly payment and require filing an amended plan.
Bottom line - it's best to wait to start a new job or see if you can delay the pay raise until after your 341 is over.
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
From what I've read on this forum, it really depends on your trustee and district. Some trustees want to know about every penny; in our district (CA) our trustee (Ch 13) doesn't care about income increases or tax returns. Hopefully you are in a favorable district with a nice trustee. Our lawyer said the trustee and judge interpret the law to look at the last 6 months' income, not looking foward to future income.
The trustee gets more money the longer your plan runs and you keep making payments, so you'd think they'd want you to be successful with this - but who knows what they're thinking?
I'd ask your attorney what your trustee wants to know about - he or she should know.
This is in regards to any kind of increase of cousre if I won a mil I would not be worried. I want to start working more and would make about 800 more a month however I have decided to wait until I am in the clear so 180 days from the discharge date is considered safe right?
If you (anyone) wins the lotto, one million, 5 million, why would you worry about the $20-$50,000 the trustee takes?
WISH THEY WOULD KNOCK OF THE BK OFF YOUR REPORTS TOO ! THAT WOULD BE NICE ! and up your scores while their at it ! BUT I guess THAT would be ASKING TOO MUCH !
CMIYC
July 2006: Filed Ch13 :blink:
Oct 2006: Converted to Ch7 :clapping:
Jan 2007: DISCHARGED :clapping:
Nov 2007: CLOSED :yahoo::yahoo::yahoo:
Comment