Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Would someone be willing to look at my Expenses?

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Would someone be willing to look at my Expenses?

    This is the initial information, Current Expenses, that I am filling out for the Attorney. I've been reading everyone who shares theirs and I can't tell if there is something alarming on mine or not. Or how much I need to explain. Appreciate any feedback.

    2 people
    2 mortgages
    both employed
    Monthly Gross Income $4193
    Take home (after taxes, insurance, HSA): $3184

    Mortgage 1 & 2: $1319
    Electric/Heating: $180
    Water: $27
    Telephone - 2 cells and basic home line: $180
    Trash: $15
    DirecTV: $130
    Home Maintenance: $100 (salt, gas for mower, general fix up for 17 year old wood frame)
    Food: $400 (includes any cheap lunches out)
    Clothing: $50
    Laundry/Dry cleaning: $25
    Medical/Dental: $350 (high deductible insurance, chronic conditions, easily proved)
    Transportation: $400 - Gas and Maint. for 2 cars (one with 90-100 mile commute each day)
    Entertainment: $50
    Auto Insurance: $78 (for two cars)
    Car payment: $390
    401K Loan repayment (auto out of check): $116
    HSA contribution: $38.46
    Other:
    Personal Hygiene: $60 (hair cuts, makeup/hair/body products)
    Pet Care: $25

    Am I missing anything? Does something really jump out at you?

  • #2
    I posted earlier for the first time with my expense sheet. Someone replied that I might want to raise my auto insurance because after BK it will increase!
    Maybe this will get you some help from others here! Good Luck!
    10/18/10 Admitted to self I can't continue to live off CC; 11/19/10 Filed Chapter 7, 341 scheduled 1/5/11

    Comment


    • #3
      Thank you Janie. I hope I get some feedback too
      I heard the auto insurance thing only happens in certain states, I wonder how I can find out if Florida is one of them (without calling the insurance company and alerting them to the BK lol)

      Comment


      • #4
        Florida
        An insurer shall notify an insurance applicant in writing, or in the same medium as the application, that a credit report will or may be requested as part of the application process. If the application is denied, the insurer must tell the applicant in the notice of the denial how a copy of the credit report can be obtained so the applicant can identify the items that resulted in the denial.
        May not include income, gender, race, religion, marital status, ZIP code, nationality, etc. as factors. May not base rates solely on credit score or consider absence of a credit history. Must recalculate credit score after three years. File scoring models with department.



        Yes Florida does use insurance scores. You can look it up here and also lists other States:

        http://www.insure.com/car-insurance/...ring-laws.html
        Chapter 13 Filed November 10, 2010 Indiana - Southern District - United States Seventh Circuit
        Attended 341 hearing 12/15/2010

        Comment


        • #5
          Hi Jlynn,

          Food and clothing look a little low, and the trustee could argue the direct TV and 401K repayment. I would move pet care into groceries, at that amount I doubt it would be a problem on its own, but if the trustee gets nasty on the TV and 401K loan they could grab that expense too.

          Comment


          • #6
            Hi jlynn,

            Go here to see the IRS standards, it will help you see where you are high/low on things:

            http://www.justice.gov/ust/eo/bapcpa..._standards.htm

            http://www.justice.gov/ust/eo/bapcpa...anstesting.htm will have other IRS standards

            You use your actual expenses but this will show you where an expense is high and might get questioned.

            Agree w/ SG, the food looks low, clothing looks low, the DirectTV bill might get flagged
            Your atty will know if the 410K loan payment are allowed in your district
            Given the long commute, transportation looks low

            Since you are giving these to your atty, put in everything you can think of...look at your check register or online bank statement and see where the $$ is going. Your atty will roll these into the categories on the means-test and Sch J

            Keep rolling along, so far so good!

            Tom in Colo
            Ch7 filed 5/12/2010.....341 meeting 6/30/2010....report of no distribution 8/15/2010.....discharged 10/01/2010.....closed 11/09/2010

            Comment


            • #7
              Thanks SO much. I will check out the link.

              In regards to the DirecTV - that IS our entertainment since we are broke and going out would cost us way more money. Maybe I should just take out the $50 for entertainment or lower DirecTV $50 and keep entertainment? Do they ask for copies of bills?

              Glad to hear the food seems low because it IS low, but I didn't want it to jump out at the trustee. It's more like $500, but that seems high. No?

              Clothing - I never buy them because I can't afford them. Do I need to? Absolutely!

              Transportation seems low? Hmmm, will have to look into it more. It probably is since I know MY gas alone is around $275 a month. His is about $75-$100. So that doesn't even figure in much for maintenance.

              401K loan is out of my hands - I can't change it or cancel it now (I've tried). Hopefully it won't be a problem.

              Thanks so much for the help!!!

              Comment


              • #8
                Originally posted by jlynn275 View Post
                Thank you Janie. I hope I get some feedback too
                I heard the auto insurance thing only happens in certain states, I wonder how I can find out if Florida is one of them (without calling the insurance company and alerting them to the BK lol)
                I looked at my credit report and can see where my insurance, Citizens/Hanover), does check periodically.
                Glad to see you are getting advice from others with the knowledge!
                Does anyone have an idea how much it increases??
                10/18/10 Admitted to self I can't continue to live off CC; 11/19/10 Filed Chapter 7, 341 scheduled 1/5/11

                Comment


                • #9
                  jlynn....the federal guidlines are not the best to use here in florida. (i LOVE you tom...)...

                  i used $400 a month for food and the trustee thought that low...
                  your utilities also seem low to me...and shoot we have a small house

                  i think you can up a few things for certain....home maintenance we did $400...you need to plan for future problems etc...trustee also didn't blink an eye....also can you PLEASE tell me where YOU get your gas!! LOL!!!! we aren't eve working and spend approx $200 just on gas alone...

                  in others i not only think you are just fine...i think you are realistically low on many items.
                  8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

                  Comment


                  • #10
                    LOL! Maybe I need to evaluate some things more realistically.

                    On my electric, we have budget biller and it runs anywhere between 170 and 200. but never below or above that anymore. My house is semi small, about 1400 sqft and we keep it COLD.

                    Gas - I drive a Nissan Altima and fill up every week for about $55 - JUST for work (highway). My husband drives a Nissan Sentra and fills up every 2 weeks for about $30-$40. (all of course depending on prices). We also hardly go anywhere besides work because we can't afford to, but when we do it's at least a 20 minute drive to town because we live in BFE. So that's where I came up with $400. I don't know, this is so hard!!

                    Home maintenance is another hard one. On a regular basis we have to buy salt (around $60) to fill the water softener...but we don't do it every month. So I figure it averages $25 a month for that. Then gas for the mower. Air and water filters. Everything else we just let slide because we can't AFFORD to do anything. But we had to buy siding and termite stuff to fix one section - that cost around $120. But that's not a regular expense. OMG - I have no idea!

                    Comment


                    • #11
                      Originally posted by jlynn275 View Post
                      I heard the auto insurance thing only happens in certain states
                      Man that sucks, I didn't know about that until now, and sure enough in California they can. My credit has been screwed for years, and it never added anything to it, so I'd hope that the bankruptcy which will actually increase my credit score wouldn't cause a change. sigh.
                      Filed: 9/21/10
                      341a: 10/29/10
                      Report of No Distribution 11/02/10

                      Comment


                      • #12
                        Originally posted by jlynn275 View Post
                        LOL! Maybe I need to evaluate some things more realistically.

                        On my electric, we have budget biller and it runs anywhere between 170 and 200. but never below or above that anymore. My house is semi small, about 1400 sqft and we keep it COLD.

                        Gas - I drive a Nissan Altima and fill up every week for about $55 - JUST for work (highway). My husband drives a Nissan Sentra and fills up every 2 weeks for about $30-$40. (all of course depending on prices). We also hardly go anywhere besides work because we can't afford to, but when we do it's at least a 20 minute drive to town because we live in BFE. So that's where I came up with $400. I don't know, this is so hard!!

                        Home maintenance is another hard one. On a regular basis we have to buy salt (around $60) to fill the water softener...but we don't do it every month. So I figure it averages $25 a month for that. Then gas for the mower. Air and water filters. Everything else we just let slide because we can't AFFORD to do anything. But we had to buy siding and termite stuff to fix one section - that cost around $120. But that's not a regular expense. OMG - I have no idea!
                        NO! don't let the maintenance budget slide...what happens if the water heater goes etc. you really need to plan on that....so average one large replacement item...that's how i figured it. we change our air filter 2x a month! that's like $30 a lone!! get what i'm getting at..;)...NOT a cheating bone in my body...but always be prepared!!

                        the heater JUST went out in our car...it's going to be about 900 dollars to fix!! so that's my point. (remember tonight's getting down to 42 degrees) a bit chilly for us
                        8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

                        Comment


                        • #13
                          I'll do a little tweaking based on the advise here, thank you!!
                          One other thing, do they base Disposable on gross or take home? Seems like a dumb question, but I honestly don't know

                          Comment


                          • #14
                            Your DMI is take home pay - expenses.
                            Filed pro se, made it through the 341, discharged, Closed!!!

                            Comment


                            • #15
                              Originally posted by free2breathe View Post
                              Your DMI is take home pay - expenses.
                              that's what I figured, but good to know for sure! YAY!

                              Comment

                              Unconfigured Ad Widget

                              Collapse
                              Working...
                              X