How much of a debtor’s income must be paid to the Chapter 13 trustee under a Chapter 13 plan?
Usually all of the disposable income of the debtor and the debtor’s spouse for a 3 or 5 year period must be paid to the Chapter 13 trustee. Disposable income is income received by the debtor and his or her spouse that is not deemed to be necessary for the support of the debtor and his or her dependents.
Expert bankruptcy lawyer discusses common questions and issues people have about bankruptcy and how it would affect them. Attorney Richard Bolger has practiced bankruptcy law in Virginia, Maryland, and the District of Columbia for 33 years. He is very easy to understand and has a talent for simplifying a complex and somewhat mysterious area of the law... bankruptcy. Listen to him answer some of the common questions he has been asked over the past several decades. "Is bankruptcy right for me?" "What will happen to my job?" "Can I keep my house?"