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Filed Chapter 7 and will soon have a pay increase

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    Filed Chapter 7 and will soon have a pay increase

    Hello, This forum is wonderful by the way - thank you everyone for contributing.

    I filed for Chpt 7 in January. My 341 is March 12. I had been full-time up until October 2007 and went part-time because of a location change. I have been applying for jobs since December and have been accepted for a full-time position. The new job will not change my situation drastically, as last year I was below the median for a one-income earner and the part-time was temporary, so I will be making about the same amount as last year.

    Anyway...I asked a few people and they said that a pay increase only needs to be reported to the trustee if it is a chpt 13 and with a chapter 7 they only care about what was going on when I filed.
    I should receive my first full-time paycheck a week after my 341 meeting - so there won't be any proof of higher income. Will the trustee or the BK court monitor my accounts after the meeting and see I got an increase?
    And should I tell them about the increase?
    Ugh! Any advice would be helpful. Thanks!
    Last edited by cr28; 03-01-2008, 10:39 AM. Reason: subject

    #2
    I wouldn't "tell" them anything that they don't first ask about. And it's unlikely that they would ask about a future salary increase. I think what counts here is your situation when you filed. Your accounts will NOT be monitored after your meeting, as far as I know.

    I think you'll be okay, no problem.

    (Someone feel free to correct me if I'm wrong!)
    Filed Ch. 7 June 14, 2007
    341 Meeting July 19, 2007
    Discharged September 17, 2007
    Closed September 17, 2007

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