Your disposable income will fund your Chapter 13 bankruptcy repayment plan.
Disposable income refers to any money that is left at the end of the month after you have paid your necessary expenses. The cost of your expenses is not based on your actual monthly bills but rather predetermined figures depending on where you live. Expenses like rent, food, and utility payments are taken into consideration.
It is essential to understand that disposable income is not considered static. If your income increases over the course of your repayment plan and your expenses stay the same, your bankruptcy payments will go up.