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What to do if your income decreases after filing Chapter 7 bankruptcy

1 minute read Upsolve is a nonprofit that helps you get out of debt with education and free debt relief tools, like our bankruptcy filing tool. Think TurboTax for bankruptcy. Get free education, customer support, and community. Featured in Forbes 4x and funded by institutions like Harvard University so we'll never ask you for a credit card.  Explore our free tool


In a Nutshell

If you’re a few months into your case, then you don’t have to do anything. If it changed shortly after your case was filed, wait for the creditors’ meeting and let the trustee know during the meeting that your income has changed. Depending on how much it changed, they may say don’t worry about it or request that you file updated forms.

Written by Attorney Andrea Wimmer
Updated July 22, 2020


If you’re a few months into your case, then you don’t have to do anything. If your income changed shortly after your case was filed, wait for the creditors’ meeting and let the trustee know about it during the meeting. Depending on how much it changed, they may say don’t worry about it or request that you file updated forms

Upsolve Users: If your trustee asks you to file an amended Schedule I showing your new income, please visit help.upsolve.org and use the "Submit a Request" feature in the top right corner to let us know and we’ll walk you through it/help you update your forms. 



Written By:

Attorney Andrea Wimmer

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Andrea practiced exclusively as a bankruptcy attorney in consumer Chapter 7 and Chapter 13 cases for more than 10 years before joining Upsolve, first as a contributing writer and editor and ultimately joining the team as Managing Editor. While in private practice, Andrea handled... read more about Attorney Andrea Wimmer

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