What happens if you go over 10% of your income in a tax year?

[95kindebt]

If my husband gets a raise, what happens if we exceed the 10% over what we've stated on our confirmed ch. 13?

Do we have to re-file papers, what's the cost on that? Then would the trustee get all the overage?

thanks.

[newbie2]

If my husband gets a raise, what happens if we exceed the 10% over what we've stated on our confirmed ch. 13?

Do we have to re-file papers, what's the cost on that? Then would the trustee get all the overage?

thanks.

You should notify your attorney about any income increase or decrease. Don't go by the 10% that you've been reading about unless this comes from your attorney. (So much is district specific). It may be in your district that your trustee isn't going to care about income increases, only your attorney can advise you about this. For the life of your plan keep your attorney in the loop about changes to your financial house.