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My husband gets a bonus once a year which we take home about 5000.00 will the trustee take this from us? When they look at our returns will they determine our payment by that which includes our bonus on it?
Filing January 08.
When a mistake becomes a lesson was it really a mistake?
It is income, so it will be probably averaged out over 12 months and included in your previous 6 months income as forcasted income which will determine your disposable income. ( about $400/mo ) Our attorney took last years wages and averaged it out over the 12 months because we're commissioned and then added into our last 6 months of wages to determine our disposable. Everyone does things differently, and if you don't include that in your annual income, then your trustee asks for tax returns and sees the increase, he will raise your payment and have you make up the previous year that you didn't pay it. ( not DEFINITELY but likely )
Filed: October 1, 2007 341: December 10, 2007
CONFIRMED: December 10, 2007
Payment: $825 / Mo. for 5 Years-29 MONTHS OF Pmts Down 23 to go!
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