When to file?

[Conna]

OK, So...

I stopped paying a month ago.

My severance ends December 1.

How can I calculate out when I can file?

Thanks!

[Cali]

It depends on many things; last usage, last cash advance, if you had a big amount of pay you don't want included in your 6 mth lookback, etc.

[WoodSprite]

OK, So...

I stopped paying a month ago.

My severance ends December 1.

How can I calculate out when I can file?

Thanks!

Hi, Conna -

Lots of variables, of course, but keep in mind that they're going to look BACK six months from the date you file. So if you can manage it, make that the six month period in which you earned the least amount. Maybe after May 2 for you? And as Cali says, stop using credit cards, and stay away from cash advances.

[Conna]

So... it looks like I will not be able to claim until JUNE 1!?

Will that be a serious nightmare?

[Cali]

Why would you have to wait until June?

[keepmine]

Are you above the median income for your state and, have you filled out schedules I and J to see what your disposable income would be?
Your income is just a part of the process.
Most bk lawyers give free or lowcost initial consultations. Speak with a few and get your options explained.

[Conna]

I have filled no schedules, havent even dipped too deep in to this situation.

Is there a site where I can do a cursory means test?

[BROKENN]

Here you go:

http://www.legalconsumer.com/bankruptcy/means-test/

Good Luck!