I have been offered a promotion in my job, my income the past 2 years has not changed much. 2023 to 2024 was only about +$700. I am currently 31 months into a 39 month plan. just made my Feb payment and i believe september would be my last. Does the trustee need any notice of increase income? Being the close to the end. I have submitted my tax return last week for 2024, would this be the last disclosure of income the trustee will see? or will there be further documentation that i will have to submit sometime between now and September? I had heard that up to 10% was allowed for increases per year, not sure of the source.
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You should be good to go, and yes, 10% is typically the threshold of income growth per year before the Trustee takes a closer look (I had two years at 9% and they were ignored).
In my case, my 60th month was set to be in March of 2020; my attorney recommended I make my 60th payment the day after my 59th posted and not to file my taxes until as late as possible so there would be virtually no option for the Trustee to evaluate my 2019 return. In your case, given your trustee already has your 2024 return, there is no reason for him/her to want to reevaluate your income before ordering the discharge.
Chapter 13 (not 100%):- Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank cum Bank of Southern California
- Filed: 26-Feb-2015
- MoC: 01-Mar-2015
- 1st Payment (posted): 23-Mar-2015
- 60th Payment (posted): 07-Feb-2020
- Discharged: 04-Mar-2020
- Closed: 23-Jun-2020
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