What happens if my income increases? 2 Answers as of August 19, 2010

I am involved in a Chapter 7 bankruptcy. I have not had a high income over the past year and was under the median income and, therefore, passed the means test. Just this week I received a job offer. If I take this job, I will be over the median income. Can I still take this job while the Bankruptcy is proceeding?

Ask a Local Attorney. 100% Anonymous. Free Answers.

Free Case Evaluation by a Local Lawyer: Click here
Diefer Law Group, P.C.
Diefer Law Group, P.C. | Abel Fernandez
This is a hard situation. You have to qualify at the time of filing. So, if you qualified when you filed then you are technically ok. However, many trustees will ask at the hearing if your situation has changed. Your higher income can be looked at as now giving you the ability to pay some of your debt.
Answer Applies to: California
Replied: 8/19/2010
Law Offices of Michael J. Berger
Law Offices of Michael J. Berger | Michael J. Berger
It is generally safe to accept a job offer with a higher income after the conclusion of the meeting of creditors.
Answer Applies to: California
Replied: 8/19/2010
Click to View More Answers: