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    New job… increases salary

    Hello all! Question…
    ~ Declared ch13 in March 2023. 18 months in with on time monthly payments
    ~ 100% plan with only unsecured debt. Total $91k total but I am paying $940/month and that adds up to about $56k over the 5 year period.
    ~ Trustee only takes tax return over $2k (never happens) and so far I’ve been able to keep my bonuses.
    ~ Single file with no children

    When I declared I was making $75k per year before bonus $82k after. I was under paid for my job. I just got a new offer with a new company for $105k per year before bonus (est. 10-15%).

    Attorney is on vacay, so I can’t ask and I am completely impatient….

    Should I expect a monthly increase??? Your experience is appreciated.

    #2
    Welcome to BKForum.

    You don't appear to be in a 100% plan if you're only paying back about 60% of your total allowed unsecured claims. Generally speaking, an increase in year-over-year income of more than 10% will usually result in the Trustee seeking to increase your payment until you actually get to a 100% plan.

    There is not enough data here to answer your question completely.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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