top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Income decrease plan not confirmed

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Income decrease plan not confirmed

    I filed chapter 13 10/09. Due to outstanding 401k loan my payment was set @ $1330 motnh for 60 months. 12k secured remiander to unsecured. 1st 401 meeting trustee rejected plan stating bk need to be tiered due to increase in dmi 8/2011. Since jan of this year my income has continued to drop. Atty feels confident based on original 6mos paystubs that can reduce it to $700 until 8/2011. Then increase it based on 401k being paid off. Keep in mind they are going on original paystubs. Is there anyway to have amount adjusted? I am looking at another hourly decrease in pay which will reduce my dmi by $160 month also comission that they used as 2000 month takehome last 5 months has averaged $1500. The $660 they think i have i dont. Im barely surviving. I meet with atty tomorow am to redo expenses. 341 on 4/21. Please help

    #2
    My BK is tiered because of my 401k loan. I have to pay $1521 until July 2012 then my payments will go up to $1650 until the end of my plan. So it sounds like yours should be doable...
    CH13 - filed 30 JUL 09, $1521 @ 60 mos (100% payback)
    Done!!! - 01 Jul 2014 I'm free!! Discharged 9/23/14!

    Comment

    bottom Ad Widget

    Collapse
    Working...
    X