Will I Have A Problem If I Get A Raise During My Bankruptcy?

I just filed a bankruptcy case, now I’m going to get a big raise!  Is that going to be a problem in my bankruptcy?

It’s great that you’re about to get more income from your job and if you’re in Chapter 7, that’s not a problem at all.  The money you earn after you file the bankruptcy is yours to keep.  But, if you’re in Chapter 13 or Chapter 11 it doesn’t work that way. 

Your post-bankruptcy earnings become part of the bankruptcy estate and that’s going to determine how much you’re going to have to pay to your creditors before you get your discharge and get clear from your debt.  So, it all depends on whether you’re in Chapter 7 or the reorganization chapters which are 13 and 11.

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