I have a base pay and I get (2) bonuses per year. The bonuses are spread out every 6 months. My base pay is below the median income level, but if I add in my last bonus (which i rec'd in November) i'm above the median. I have another bonus coming in May of this year which will be a large bonus. After that I may or may not see a bonus again.
My question is since 5 out of 6 months my income is below the median will the trustee be able to work something out where my chap 13 payment is lower in those months? If they take my average net pay over 6 months and calculate a payment I won't be able to afford that payment 5 out of 6 months? I wasn't sure if there was something they could do where I pay based off my base and then just sign over any bonus I make?? But if they did that my base is below the median?
Wasn't sure if anyone else has been in this situation and had any insight on how this is going to work.
Thanks
My question is since 5 out of 6 months my income is below the median will the trustee be able to work something out where my chap 13 payment is lower in those months? If they take my average net pay over 6 months and calculate a payment I won't be able to afford that payment 5 out of 6 months? I wasn't sure if there was something they could do where I pay based off my base and then just sign over any bonus I make?? But if they did that my base is below the median?
Wasn't sure if anyone else has been in this situation and had any insight on how this is going to work.
Thanks