Im about 18 months into my chapter 13 repayment, My work hours were cut back resulting in a loss of $1000 a month. This does not include my quarterly bonuses which was included when determining my payments. My first bonus of the year was less than half of what they normally are, and the next quarter is looking to be even less if any.
My question is, will I be able to use a calculated income rather than last years to convert my chapter 13 to a chapter 7? When I files I did not qualify for chapter 7 due to my income.
I am single and do not own a house. The only property I have are 2 cars and a boat. I do have some federal income taxes included in my chapter 13, most of which is from over 2 years ago.
Any help will be appreciated!
My question is, will I be able to use a calculated income rather than last years to convert my chapter 13 to a chapter 7? When I files I did not qualify for chapter 7 due to my income.
I am single and do not own a house. The only property I have are 2 cars and a boat. I do have some federal income taxes included in my chapter 13, most of which is from over 2 years ago.
Any help will be appreciated!
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