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Income change after the 341 Meeting

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    Income change after the 341 Meeting

    I will have my 341 meeting on 1/27/11. I was offered a promotion at work starting 2/13/11. can this affect my Chapter 7 or is the trustee only concerned with the 6 months prior to filing for Bankruptcy. Your comments and advice are appreciatied.

    #2
    Do you know for sure that this is starting? I would talk to your attorney and see what he has to say. Occasionally, trustee's ask if you anticipate any income change.
    Filed Chapter 7 October 5, 2010 -341 held Nov. 8, 2010- Report of No Distribution Nov. 12th, 2010- Discharged 1-10-2011 Closed 1-28-2011

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      #3
      If the income change is significantly higher, then the US trustee can dismiss you for a totality of circumstances, if the new income will allow you to pay a significant portion of your debts each month.
      You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

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        #4
        Schedule I asks for any significant changes to income reasonably expected to occur within a year of filing the form. My guess is if you were offered the job after the I was done you filled it out correctly but I'm not sure if you have to disclose at the 341 if not asked. If asked I would think you'd have to mention. As always consult with your attorney.

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          #5
          Thanks for the replies. This makes me feel a lot better.

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