Advice on when to file

[coopersmydog]

I'm seeing a lawyer on Wednesday, but I'd like some unbiased input prior to the meeting.

I'm trying to figure out when to file. There are couple out of the ordinary circumstances in my situation.

About 4 months ago I relocated to a new state for work. As part of this process I received some money for the relocation. The money is intended to be used for relocation expenses (house hunting, utility hookup, etc) anything I didn't spend, was mine to do with as I pleased.

I ended up using the majority of it to pay off a student loan, and put some money down on my house. (Grand total of 7k maybe).

I should add that I purchased a house at the same time. I have less than 10k equity, probably zero with current home prices.


My concern is that this relocation money will count as income on my means test, skewing what I can realistically pay in a chapter 13, or disqualifying me from chapter 7.

So I figured I should probably wait a few months. But then I get a tax return, I'm not expecting much, but again my income will be skewed higher.

To get a realistic picture of my income it seems like I may need to wait 7-9 months. Not sure if I can make it that long. But I certainly don't a chapter 13 plan I can't pay.

I'd appreciate any input so I don't get duped by a lawyer trying to get me to file right away. If filing right now makes sense, great. But if it's better to wait, then I'll do that.

Lastly, if I end up waiting 3-9 months when should I stop paying my CC debt?

[keepmine]

If bk is a realistic option, stop paying all debt you wish to discharge now.

[AngelinaCatHub]

As far as your expense money, you used it wisely and well and the excess going to a non-dischargeable loan was good. You should not have a problem explaining that. It is good to distance yourself from any major spending but not to the point of pain. As "Keepmine" said, don't waste money that you would get discharged anyway. Use it for your case and livable stuff like food, blankets, household items. My opinion. 'Hub

[CatsInTrouble]

yes you're relocate will count toward median income, BUT my understanding, straight frm my lawyer's mouth, is that tax refund does NOT count toward figuring median income