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

3,636 families have filed bankruptcy using Upsolve. Learn More.

Written by Andrea Wimmer, Esq.  
Updated March 23, 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. 

About the author

Andrea Wimmer, Esq

Andrea practiced exclusively as debtors’ counsel in consumer chapter 7 and 13 cases for more than 10 years before joining Upsolve, first as a contributing writer and editor and ultimately joining the team full time in August 2019. While in private practice, Andrea handled all ban... read more

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