What Happens if Your Income Changes While You Are In Bankruptcy? скачать в хорошем качестве

What Happens if Your Income Changes While You Are In Bankruptcy?

If your income increases while you are in a Chapter 13 bankruptcy, several things may happen depending on the details of your case and local bankruptcy rules: 1. Requirement to Report Income Changes: Most Chapter 13 bankruptcy cases require you to report any significant changes in income to the bankruptcy trustee. This could be due to a raise, new job, bonus, or any other increase. 2. Possible Modification of the Plan: Your Chapter 13 repayment plan is based on your income and expenses at the time you file. If your income increases, the trustee or creditors may request a modification to your repayment plan. This could mean an increase in the amount you are required to pay each month. 3. No Immediate Change: In some cases, an increase in income may not immediately result in a modification of your plan. For example, if the increase is minor or temporary, or if your expenses have increased as well, the trustee may decide not to adjust your payment. 4. Post-Confirmation Income: If the increase happens after the plan has been confirmed by the court, some courts take the position that you are only required to pay what was agreed upon in the confirmed plan. However, some jurisdictions may allow the trustee or creditors to request modifications even after confirmation if your income increases substantially. 5. Risk of Dismissal or Conversion: If you do not report an increase in income and it is later discovered, this could result in negative consequences, such as the dismissal of your case or conversion to Chapter 7 if you are found to be withholding information. 🔔Are you considering bankruptcy in Atlanta, Georgia, but unsure how income changes might affect your case? In this comprehensive guide, Atlanta's leading bankruptcy attorney explains everything you need to know about how fluctuations in your income can influence your bankruptcy proceedings. Discover the key insights on: How income changes impact Chapter 7 and Chapter 13 bankruptcy The means test and income eligibility Handling job loss or a raise during bankruptcy Strategies for managing income changes effectively At Saedi Law Group, we specialize in providing expert legal advice tailored to your unique financial situation. Our experienced bankruptcy attorneys are here to guide you through the complexities of bankruptcy law, ensuring you make informed decisions every step of the way. 📞 **Contact Us Today: 404.919.7296 🌐 **Visit Our Website: saedilawgroup.com 📍 *Location: Atlanta, GA* *Don’t let income changes complicate your bankruptcy case. Watch now and learn how to navigate your financial future with confidence!* 🔔 *Subscribe to our channel for more expert advice on bankruptcy and financial law.* 🔔SIGN UP FOR A FREE BANKRUPTCY COURSE THAT GOES THROUGH THE ENTIRE PROCESS: ⚖️ How A Chapter 7 Bankruptcy Works: https://georgiabankruptcylawgroup.com... ⚖️ How A Chapter 13 Bankruptcy Works: https://georgiabankruptcylawgroup.com... ABOUT SAEDI LAW GROUP: Founder and managing attorney Lorena Saedi started her legal career with a big law firm in Atlanta practicing corporate law and representing large corporations. Although she enjoyed the challenging legal work, she realized that she would rather be working directly with people as opposed to large corporate legal departments. After a short stint in a large bankruptcy law firm in Atlanta, Lorena founded her own firm and the rest is history.  After seeing how client’s cases were serviced at the large “bankruptcy mill” firm, Lorena decided to start her own firm and focus on provided personalized service. Since 2002, Lorena has been helping Georgia consumers get a fresh financial start and providing exceptional client service to her clients. So why choose Saedi Law Group to handle your bankruptcy case? We truly love what we do and we do it with passion. We value our clients and understand what they are going through. Helping clients rebuild their financial life gives us purpose. We see bankruptcy law as a positive way to use the law to help people get back on their feet financially and build a new life. 📅 SCHEDULE A FREE PHONE/VIDEO CONFIDENTIAL CONSULTATION WITH A GEORGIA BANKRUPTCY LAWYER: https://georgiabankruptcylawgroup.com... Our team is passionate about our work and we take it very seriously. It is a privilege to help clients and their families in times like these. Bankruptcy was created for this purpose. Please contact us today at (404) 919-7296 or [email protected] to learn about what you can do to protect your future. #BankruptcyAttorneyAtlanta #BankruptcyLawyerAtlanta #IncomeChangesBankruptcy #AtlantaBankruptcyAttorney #GeorgiaBankruptcyLaw #Chapter7Bankruptcy #Chapter13Bankruptcy #FinancialAdvice #BankruptcyHelp #AtlantaLegalServices #MeansTestBankruptcy #AtlantaLawFirm #BankruptcyProcess #LegalAdvice