What to do if your income increases after filing Chapter 7 bankruptcy
If your income increases after filing Chapter 7 bankruptcy, you may be required to repay some of your debts. Here's what you need to know.
If your income increases after filing for Chapter 7 bankruptcy, you may be required to repay some of your debts. This is because, under the means test, your increased income may mean that you no longer qualify for Chapter 7 bankruptcy.
If this happens, you will need to notify your bankruptcy trustee as soon as possible. They will then determine if you need to file a amended bankruptcy petition or convert your case to Chapter 13.
either way, it's important to stay on top of your finances and make sure that you're still meeting all of your obligations under the bankruptcy process.
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