CH 13 Repayment Table
Date: Fri, 04/24/2009 - 11:35
I was reading somewhere that there is a standard payment table set up for people who earn over the statutory salary for chapter 13 filers. For example if you make less than $46k for a family of four, you may qualify for chapter 7. But I read that (like in my case I have an income of $107k) the court would go by a table to determine my repayment, not by my actual expenses.
Can anyone shed any light on this? (if you have even heard of this) Thanks!!
Can anyone shed any light on this? (if you have even heard of this) Thanks!!
Not that I'm aware of. It's all based on your disposable income.
Not that I'm aware of. It's all based on your disposable income. Take income - living expenses = Chapter 13 payment. For the most part. If you goggle Chapter 13 there is LOTS of good information. Good Luck
Thank you. I have to find where I read that at! Maybe it was for
Thank you. I have to find where I read that at! Maybe it was for a different state...I don't know but I got concerned because of my income. Thanks again!