I am speaking of confirmed plans. Would like to hear some real world stories of payments that have gone up after the trustee has seen tax returns submitted during plan.
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Anyone had payment increased based on tax return?
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No, but we are under old law. They never even asked for a tax return until last year, which was year 4 of a five year plan. Our attorney's secretary told me the trustee just needed them to show proof that we had filed our taxes, that it wouldn't affect our payment. I'm sure that may not be the same everywhere, but it was that way for us.
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sharina, I think with 100% getting paid to unsecureds, you are in the clear, since it would only mean the 100% would get paid off faster, not that any additional would be paid. So I seriously doubt your trustee would go after you for higher payments even if the tax return showed an increase in income, since it's not like your creditors aren't getting paid in full already anyway.Filed CH 13 September 17, 2007
Plan Modified July 8, 2009 from $1100/month to $400/month due to change in income, finally discharged in July of 2013!
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yea, I tend to agree. Our income flucuates a bit with job changes.
We have already received two letters from the trustee requesting the tax return copies. I am the kind of person who files on April 15 and is handing the return to a postal carrier!Chapter 13 - 22 months left!
100% to unsecured
$1580 per month!
plam modified $875 per month!!!!!!!
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