Will I have trouble?

[cana]

My financial life is far from clean. Plus I have made what the trustee might call a "Preferential Payment" as part of the debt settlement ($350/month).which I stopped paying when the proceedings began.

I only decided to file when another major creditor brought a lawsuit which would have buried me forever. Fortunately the process was completed on 10-15.

I paid off my car ($400 payments per month) on Jul 20, paying $800 (two month's payments). I didn't know I was going to be sued at that time. If they did not sue me I would never filed even when I know the impact of the law.

These payments did deplete my savings completely, making my ch7 a no-asset case.

I did file mine with a bankruptcy-mill attorney who didn't really look at the pre-petition I had prepared. which did mention all of the above and didn't hide any, and the attorney said there would be no problems.

I did not have too much papers with me. The only papers I DID have were my IRS returns, my pay slips and the correct addresses of creditors and the amounts I owed to them, all of them listed in the filing.

All of my remaining assets (including some stocks totaling $1,200) are exempt under CA law. I did put some higher-than-IRS-guidelines expenses in the Expense sections, but I do live in LA county where costs are quite high.

Will I have too much problems?

[StaciMM]

You said the process was completed on 10-15. Do you mean this was your file date, your 341, or was it the deadline for creditors to object?

The trustee may take the $350/mo payment back from that creditor (assuming you made 2-3 payments before filing) which really isn't an issue for you. As long as your car isn't more than the state exemption, you shouldn't have an issue w/ having it paid off.

[cana]

@StacyMM:

>You said the process was completed on 10-15. Do you mean this was your file date, your 341, or was it the deadline for creditors to object?

That was my file date.

>The trustee may take the $350/mo payment back from that creditor (assuming you made 2-3 payments before filing) which really isn't an issue for you.

That's perfectly fine with me. I still owe a few thousand dollars to that creditor (which is actually a law firm hired by that creditor) and did list it in my CH7. .... Good. Let the trustee TAKE BACK that money from that attorneys.

>As long as your car isn't more than the state exemption, you shouldn't have an issue w/ having it paid off.

California exemption under the old law was $2,700 or so, plus because I don't have a homestead I did have $17,000 worth or exemption (My 5-year car worth less than 5k).

It's good to know that I did not hide any of them in my filing...