I filed Chapter 13 a year ago, what if I recieve a large amount of money now?
Question Details:
I been paying according to the payment plan. What If I get a large amount of money from anywhere (tax return, iinheritance,etc) Should I let my trustee know even though It's been a year since I filed?
Mark J. Markus / Mark J. Markus, Law Offices Of
Answered 3 years ago
This attorney is licensed in California
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Usually, if your plan is paying less than 100% to unsecured creditors, you will be required to turn over any additional income you receive during the pendency of your plan. However, you really need to check with an attorney in your jurisdiction to see how that is handled there. In the Central District of California, it is specifically put in the order confirming the plan that any tax refunds must be paid to the Trustee.
