Told him that I was going to have to switch my status from filing chap 7 to chap 13. I asked him to give me an idea of monthly payments. He said that since I fell below my states median income that my payments will probably be about 5% for 3 years. Here is where I should have gotten a clearer answer from him...
5% of what?
5% of balance owed?
5% of my gross income?
5% of my disposable income???
I am confused I suppose I will have to call him back, but I hate to be a pain in the ass. I suppose I should calm down and see how this all shakes out really. The difference between all 3 is about $100 a month. My best case scenerio is to have about $550 a month left over for grocery, gas, cigs and entertainment to $450 a month. That $100 could make a big difference though........
Ugggg, I cant wait until this is done!!
5% of what?
5% of balance owed?
5% of my gross income?
5% of my disposable income???
I am confused I suppose I will have to call him back, but I hate to be a pain in the ass. I suppose I should calm down and see how this all shakes out really. The difference between all 3 is about $100 a month. My best case scenerio is to have about $550 a month left over for grocery, gas, cigs and entertainment to $450 a month. That $100 could make a big difference though........
Ugggg, I cant wait until this is done!!
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