Impact of Increased Income During CH13?

[AKA]

Just filed to convert to a 13 from a 7. Should have filed early in the year when I was making next to nothing and it would still be a 7.

Right now I am looking at $169 mo for 60 months or a total of $10,140. I have read that an increase in my income could result in an increase in my monthly payment, but does that mean I would simply be paying the total amount of $10,140 faster or would it actually increase the total amount owed to being more than $10,140?

[justbroke]

Right now I am looking at $169 mo for 60 months or a total of $10,140. I have read that an increase in my income could result in an increase in my monthly payment, but does that mean I would simply be paying the total amount of $10,140 faster or would it actually increase the total amount owed to being more than $10,140?

If you're not in a 100% plan, then you'd be paying more than $10,140. If $10,140 is just your base plan amount, then this is just the minimum that your plan needs to pay in order to both receive a discharge and be feasible).

Not all Trustees care about changes in income, and those that do -- the majority -- only care if it's significant. I can't define significant, but it appears that 10% is the trigger.

[AKA]

If you're not in a 100% plan, then you'd be paying more than $10,140. If $10,140 is just your base plan amount, then this is just the minimum that your plan needs to pay in order to both receive a discharge and be feasible).

Not all Trustees care about changes in income, and those that do -- the majority -- only care if it's significant. I can't define significant, but it appears that 10% is the trigger.

Okay, this is what my lawyer just sent me: "Yes, since he is paying off 100% of his unsecured debt, there will be no increase in payments if his income increases."