What to do if your income increases after filing Chapter 7 bankruptcy
If you find yourself in the fortunate position of having your income increase after filing for Chapter 7 bankruptcy, there are a few things you should do. First, you should notify your bankruptcy trustee as soon as possible. They will need to know about the increase in order to make sure that your creditors are getting paid what they are owed. Secondly, you should start setting aside money each month to save up for your post-bankruptcy life. The increased income will give you a chance to get ahead financially and start fresh after bankruptcy. Finally, take advantage of the opportunity to improve your credit score by making all of your payments on time and keeping your balances low. By following these steps, you can make the most of your increased income and rebuild your financial life after bankruptcy.
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