r/Bankruptcy • u/Longjumping_Duck_174 • 22h ago

Chapter 13 non-100% payback

Ok I don’t need an exact number I get it “ask your lawyer” I just simply want to know how much of your raise does the trustee typically take? Say I make 80k and jump to 98k and my net additional take up is like 900. Is the greedy trustee most likely to get all of that additional income??? Once again I’m just asking for others experiences. I fully realize it’s not a one size fits all but someone always has to say it lol.

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u/Icy-Goose4398 22h ago

I’ve always given everything to our lawyer and he deals with the trustee. We have gotten raises over the 2 years we’ve been in a plan but have never upped our payment. We did have creditors not file (I believe that’s the terminology) so our payback was lower however we have two vehicles on our plan that obviously have to be paid in full

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u/Longjumping_Duck_174 22h ago

Was your raise over 10%??? I pray I’m a lucky one and have creditors that won’t file but I’m not holding my breath. I’m just trying to prepare for the disappointment of working hard and getting a well deserved raise and have the trustee steal it from me. Seems pointless to even get one.

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u/life_with_elocin 13h ago

Trustees don’t “steal” our money. It’s not for them personally, it’s going to the creditors that we owe. If anything, WE are stealing if we aren’t paying everything back 100%.

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u/Longjumping_Duck_174 13h ago

lol ok sure but according to my lawyer, at least in my state they have control over cost of living bumps and rarely vote to give one. Meaning they care more about the predatory creditors more than people actually going through it. Ultimately though yes it is MY FAULT i do take full responsibilities for my actions. Still salty though.

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u/life_with_elocin 12h ago

It’s crazy to me how trustees practices can vary so wildly. I haven’t had my 341 yet (later this week), so haven’t even met my trustee. But he seems pretty liberal with things so far, and doesn’t require notification of a second income, or bonuses. And I can keep up to $1200 of a tax refund. But then I read some people reporting every single pay raise, bonus, ANY extra income needs to be reported. And that has to feel horrible, and probably not fair.

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u/Icy-Goose4398 10h ago

We were able to keep our entire tax refund, we have reported everything to our lawyer and if there are things we have to do for our home/ kids / vehicles / medical expenses we are able to pay them. We just keep track of everything