Chapter 13 Payments Increased If I make More Money?
When filing chapter 13 bankruptcy, when the court determines the payment the debtor must make, does the payment increase if the debtors income increases?
Also, if after the bankruptcy decision is made and I sell my home, do I have to pay any profits made toward my debt, or can I put that money into a new home?
Posted July 30th, 2010 in Bankruptcy Q And A. Tagged: chapter 13 bankruptcy, debtor, debtors, filing chapter 13 bankruptcy, income increases, money, profits.
You can review all chapter 13 requirements from their offical website @ http://www.usbankruptcy.gov I’ve included the link for chapter 13 basics
http://www.uscourts.gov/bankruptcycourts/bankruptcybasics/chapter13.html#work
Good Luck!!
July 30th, 2010 at 7:01 pm