Broderick, CA Bankruptcy Law Firms & Lawyers

It really depends on how much the income increase is expected to be. I understand that commissions are tough to calculate because you do not know how much sales you would be able to make but there should be a rough idea of what a typical employee makes in the new position, like what your co-workers are making and your own abilities/experience etc. Form B22 looks at the average income in the past previous 6 months. If there is no anticipated change, we put the same income number on Schedule I. Schedule I is a forward looking schedule so it is always an estimate. If there is some change, like a new job, or in the other direction anticipated layoff or wage reduction, or increases in the expenses of benefits like insurance then Schedule I should account for those changes in the listing of gross income and deductions from income. If the changes make it so that there is sufficient disposable income after deducting reasonable and necessary living expenses in Schedule J to make some payments toward the debts the case could be converted to chapter 13. Your Trustee will review the schedules and if he/she thinks that the estimated income numbers or the living expenses aren't reasonable or accurate they can do further investigations and object to the numbers in court. I advise you to discuss this development with your attorney. They are in the best position to advise you because they have the facts of your case. Don't take the job and fail to inform your attorney as this will mean that your schedules would be inaccurate and you would commit perjury. While signing the documents and in the follow up hearing that you must attend you swear under penalty of perjury that the information in your schedules is true and accurate. I don't know what district you are in but in Southern California District almost all of the Trustees at the hearing ask the debtors whether they are still employed at the same place or whether their income has changed since their bankruptcy case was filed.

On January 29th when they apparently filed their petition, the February rent was not yet due, thus you were not a creditor. You need to retain a bankruptcy attorney to file a motion for relief from stay as soon as possible. If your tenant receives a discharge you will not receive back rent so it is important to act quickly and start the process of recovering the property.

Actually you can do anything you could do before your bankruptcy. Credit starts to be re-established long before the 7 years. Often you can buy a car within the year of a bankruptcy and buy a house with a mortgage within 3 years.