Have a question for anyone who has info about divorce, converting from a ch 13 to a 7, and assets in ch 7.
I see my lawyer in a week and want some insight into what my options are. A month ago I saw him regarding this issue, but was not sure I wanted to let go of my house and car. The house is out of the ch 13. I owe 8,000 on the car that is included in the 13. My questions are:
1. Upon conversion, would I be able to workout an agreement for payback with the company who financed my car? It has side body damage and so I know it's in their advantage to let me keep it and continue to pay.
2. Am I correct to assume that the lawyer will lose out if I convert? Is that maybe why he was so happy for me to stay in the 13?
3. I only made $37,000 total last year. I now work 8 hours more per week. I didn't get a raise this year due to the economy, but I did get a one time retention bonus for staying with the company when everyone else left. It was $10, 000. This year I will make more because of the one time bonus. However, it doesn't seem like I make more since summer camp for my kids plus fixing my car and paying on bills that my soon to be ex let go has eaten up 7000 of it. I don't know how to justify that to a judge. With a family of 3 now, I wonder if I will be over the median. I would make around 54, 000. Next year, I will make 43,000.
4. I have an old house that is over 100 ys old. I cannot keep up with it since just about everything needs replacing. The payments are above the amount allotted in the ch 13 plan, but I just kept trying to make them. I can't afford the combination of the mortgage, upkeep, taxes, and insurance. It's such a hassle. Even though it's our first home, I would rather just live in a townhome or condo/apartment to give myself a break from spending all of my money and free time on a money pit!
5. I hate this!!! Not really a question, just a fact.
Thanks for any input! I haven't had my coffee today and that makes for one cranky mommy!
I see my lawyer in a week and want some insight into what my options are. A month ago I saw him regarding this issue, but was not sure I wanted to let go of my house and car. The house is out of the ch 13. I owe 8,000 on the car that is included in the 13. My questions are:
1. Upon conversion, would I be able to workout an agreement for payback with the company who financed my car? It has side body damage and so I know it's in their advantage to let me keep it and continue to pay.
2. Am I correct to assume that the lawyer will lose out if I convert? Is that maybe why he was so happy for me to stay in the 13?
3. I only made $37,000 total last year. I now work 8 hours more per week. I didn't get a raise this year due to the economy, but I did get a one time retention bonus for staying with the company when everyone else left. It was $10, 000. This year I will make more because of the one time bonus. However, it doesn't seem like I make more since summer camp for my kids plus fixing my car and paying on bills that my soon to be ex let go has eaten up 7000 of it. I don't know how to justify that to a judge. With a family of 3 now, I wonder if I will be over the median. I would make around 54, 000. Next year, I will make 43,000.
4. I have an old house that is over 100 ys old. I cannot keep up with it since just about everything needs replacing. The payments are above the amount allotted in the ch 13 plan, but I just kept trying to make them. I can't afford the combination of the mortgage, upkeep, taxes, and insurance. It's such a hassle. Even though it's our first home, I would rather just live in a townhome or condo/apartment to give myself a break from spending all of my money and free time on a money pit!
5. I hate this!!! Not really a question, just a fact.
Thanks for any input! I haven't had my coffee today and that makes for one cranky mommy!