How long does it take to get confirmed?

[Jammed]

I'm in PA and my planning to file on 4/1. I'm hoping to be confimed before July since I might be receiving a bonus July/Aug. I'd liek to be confimed before the bonus becomes an issue. Is this unrealistic?

[forgotten]

Either way, the bonus is income and needs to be calculated in to your income(if you receive recurring bonuses) or given to the trustee when paid.

[filingin08]

Still waiting on confirmation

We filed 9/26/08 and are still not confirmed. We had a situation with husband's exwife we had to resolve.

[mid123]

I filed in PA in May and I am still not confirmed. Confirmation date has been rescheduled twice already but hopefully the one in October will stay scheduled.

[Jammed]

Uh! I read some other posts where people were able to keep raises if they were less than 10% of their income. I was hoping I could "keep" all or part of the bonus based on it being a small % of my salary. The more I'm learning about BK, it harder it seems to be. I understand that the trustee wants to make sure creditors receive all disposible income - but as small as the IRS standards are the trustee doesn't leave any room for handling normal emergencies (sickness, car repairs, heating bills in the winter, etc.).

[Billssuck]

I filed 5/21 and was confirmed on 7/14. You will need to talk to your lawyer about the bonus. For me, the 10% rule for income increases is in my confirmation paperwork. I am not sure what your district does with regards to income increases. However, if you KNOW you're gonna get a bonus, it does need to be counted in future income.

[lrprn]

Jammed, whether you have to turn your bonus over or not depends on your Ch 13 trustee's preferences and customs, and also on the amount of the bonus. There is *NO* consistency on this between trustees, sometimes even in the same local court. Your lawyer will have to tell you what to expect with your trustee.

[forgotten]

My lawyer said our trustee would move to have the case dismissed if they found out you have gotten bonuses in the past on a regular basis and did not make a reasonable estimate of those bonuses in to your payment plan.
"They aren't guarenteed" or "They might go down soon" are not acceptable.

My payment is an extra $300/mo based on my bonus and i've already been told those are going way down. I was just told the trustee would not have a problem ammending the plan once I have something offical saying how much they are going down or have gotten 1 or 2 at the lower rate.

But like was said, seems to vary by district.