My husband is 67 and gets his social security every month along with my kids getting benefits. My husband also works fulltime and I work parttime. My question is on our 13 with the pay back. I know we have to put that down as income but do they also use this money towards our pay back or will they only use our income from working?
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Social security payments are not included in the calculation of income on the Means Test. Only your non-Social Security incomes will be used to determine the amount of your Ch 13 payment.Originally posted by Kkole425 View PostI am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go -
ut oh...
Does this mean if your only income is SSDI that you cannot file Chapter 13?Originally posted by lrprn View PostComment
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Ah... I think I found the answer to my own question!
You can use the income from the following sources to fund a Chapter 13 plan:
* regular wages or salary
* income from self-employment
* wages from seasonal work
* commissions from sales or other work
* pension payments
* Social Security benefits
* disability or workers' compensation benefits
* unemployment benefits, strike benefits, and the like
* public benefits (welfare payments)
* child support or alimony you receive
* royalties and rents, and
* proceeds from selling property, especially if selling property is your primary business.
Source: http://bankruptcy.findlaw.com/bankru...-eligible.htmlComment
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