What happens if the Debtors salary increases after the filing of a Chapter 13 plan?
The Bankruptcy Code requires that the Debtor contribute his or her projected disposable income toward the plan payments for the duration of the plan. If the Debtor’s income has changed after the case has been filed but before the court has confirmed the plan, making it binding on the creditors, parties who have an interest in the case will closely scrutinize the Debtor’s disposable income to make sure that the payments and the income are consistent and will incorporate any necessary changes into the plan.
