Hello I'm reviewing my options to deal with my debt problems.
I had a few questions for someone with experience in dealing with this.
In general how strict is the court with allowing reasonable expenses?
What happens for example if your car breaks down and you have to buy another one? I read that you cannot borrow any additional money while in the repayment plan and can only borrow up to $1000 if approved.
What happens if you get a raise or a second job? I read that you have to inform the court of any changes in income. Are you allowed any leeway in increasing your expenses? Example I currently park in the cheapest lot I can find but it is not in a good neighborhood. If I get a raise could I move to a slightly more expensive lot($45 up to $85), buy another car(I currently drive a used car thats about 15 years old), or not be so stingy with food? Or will all the increase go towards the repayment?
Thanks alot.
I had a few questions for someone with experience in dealing with this.
In general how strict is the court with allowing reasonable expenses?
What happens for example if your car breaks down and you have to buy another one? I read that you cannot borrow any additional money while in the repayment plan and can only borrow up to $1000 if approved.
What happens if you get a raise or a second job? I read that you have to inform the court of any changes in income. Are you allowed any leeway in increasing your expenses? Example I currently park in the cheapest lot I can find but it is not in a good neighborhood. If I get a raise could I move to a slightly more expensive lot($45 up to $85), buy another car(I currently drive a used car thats about 15 years old), or not be so stingy with food? Or will all the increase go towards the repayment?
Thanks alot.