Please Give Input

[texas99]

last 6 months income was a negative 100k

(i am a stock trader who lost money )

so i file chapter 7 and am looking for a job

after the 341 i can get any job paying anything, right?

ALSO... a friend loaned me money to pay rent for 2 months

is this a factor?

[MajorMike]

You dont need to post in more then one forum

[Bandit]

so i file chapter 7 and am looking for a job

after the 341 i can get any job paying anything, right?

I wouldn't say that for sure just after the 341 because things can happen between then & the discharge, like audits or objections that makes delays. As ridiculous as that sounds but I would still try to get some income going but maybe not the highest pay until it is all over. If they see you get a job before discharge making 100,000 a year, that is going to raise some questions, I think & might change your chapter 7.

ALSO... a friend loaned me money to pay rent for 2 months

is this a factor

a factor for what? They will just view that as a debt to your friend & a necessity bill too.

I think that is more the way I would look at some of it, if it were me. But I am not you, so you have to do what is best for you.

What does an attorney say about all that?

[krielly]

The debt to your friend should be included in your filing.
Trying to hide that fact would be a bad idea.
If your plan is approved, the debt will be discharged - so legally you won't owe your friend the money, however, as with any creditor, you can chose to pay back the loan, regardless of your discharge.

I would explain this in advance to your friend, so that they aren't surprised when they get a notice. And let them know you do intend to pay them back.