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justbroke
justbroke
Super Moderator
Last Activity: Yesterday, 06:19 PM
Joined: 07-10-2008
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  • justbroke
    replied to Bonuses CH 13 FL
    You're in Florida an in a less than 100% plan, you will likely need to turnover some or all of that bonus. You should immediately contact your attorney. You don't want to be at the end of your plan and the Trustee says that you're short.
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  • Because most of the credit card companies subscribe to the Electronic Bankruptcy Noticing Center directly or indirectly through the credit bureaus, nearly 99.99% of credit cards, even with a $0 balance, are canceled. I did have two cards survive that were at $0 just by pure luck. One was a VISA and...
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  • justbroke
    replied to 4 Credit Cards???
    Now there's the proof we all need.
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  • justbroke
    replied to Open Heloc in Ch. 13
    I hope your HELOC account is not behaving like a checking account and you're using direct deposit of your payroll into that HELOC account. That's would be bad news.

    As des wrote, that account should be closed. You are in a Chapter 13. You should not be touching that account. The bank should...
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  • justbroke
    replied to Trustee Approval For Auto Loan
    They do electronic signatures. The fact that it is on the docket with the attorney's name is the signature.

    The approval is not for a specific vehicle but for a specific amount. Your request probably includes the maximum monthly payment, along with the interest rate. That is what is approved....
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  • You will get through this. As soon as you file it will be a wonderful day. Within two days after that all the creditors would have been contacted and they should not try to contact you any longer.

    Hang in there.
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  • justbroke
    replied to Done, Stick a fork in me I am done!
    In my area, the no-look fee for a Chapter 13 is $5,000. Up to $50 per month following confirmation. Up to $1,800 for mortgage modification and mediation (up to $2,500 for complex cases). And up to $1,500 for Student Loan Modification, and an additional $250/year for yearly certification to the Department...
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  • justbroke
    replied to Chapter 7 and sale/trading of crypto
    If you are using System 1 to protect a home, you'll find that the exemptions for other personal property are not as nice as California's System 2. That's all I'll say about that.

    I have never had a creditor (except a mortgage creditor) file a lawsuit against me. I have never been 31 or...
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  • justbroke
    replied to Available Credit
    I think it weighs available credit versus credit in use. In other words, cumulative utilization across all cards. So you take the sum of all credit limits and then divide it by the sum of all balances to come out with an "overall" utilization. FICO and Vantage both look at the individual card,...
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  • justbroke
    replied to 4 Credit Cards???
    I rotate them to avoid getting them close for not using them. My FNBO Visa was summarily cancelled because I hadn't made a charge in 2 years on a no-annual fee card. I also had Capital One do it to me twice. I would say at least once a year or maybe every six months to sprinkle some love on the other...
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  • justbroke
    replied to I’m on my way
    Very nice to read that your lawyer has helped to relieve your stress.
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  • justbroke
    replied to Chapter 7 and sale/trading of crypto
    As shipo has written, its time to obtain a few consultations with area bankruptcy attorneys. Always be careful when selling property before filing. That could become a transfer which the Trustee will go after.

    As for exemptions, they will be based on which exemption system you choose...
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  • justbroke
    replied to Chapter 7 and sale/trading of crypto
    Welcome to BKForum.

    Generally speaking, the Chapter 7 Trustee will seek anywhere from 3 to 6 months of financial account information for every account that you have. They are actually trying to determine whether you are hiding money or move money before filing. I'm 99% sure that they will...
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  • justbroke
    replied to Done, Stick a fork in me I am done!
    Congratulations! I'm glad to see that your Salmon run is complete! Go forth and enjoy your fresh start!

    (I can't believe it's been five years. Time is certainly moving quicker than anticipated.)
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  • I don't believe the principal from a money-market account is income for purposes of the Means Test. Now the earnings/interest on an MMA would be income. It would make me wonder if the earnings were too negligible for purposes of the Means Test. Especially over just 3 months.

    That's just...
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  • justbroke
    replied to Apt leases
    No, there is no renew option. The options for an unexpired lease are assume or reject; in other words, keep the lease or get rid of the lease. Generally speaking the landlord is likely to keep you if you pay and you "assume" the lease. They key is to never miss a lease payment and never ever...
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  • justbroke
    replied to New here
    Sometimes, just filing will make you feel 1000% better. I remember the day that I filed my petition with the bankruptcy court. I had a big smile on my face as I walked out the courthouse doors. Yeah, I only had $20 in my pocket and it would cost $32 to get a ride back home... but I felt great!
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  • justbroke
    replied to New here
    You are among friends here. Continue to ask any questions that you have. You may even vent here. Bankruptcy does seem overwhelming but the benefits are tremendous.
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  • justbroke
    replied to Apt leases
    This is not true. In a Chapter 7/11/13, an unexpired lease must be listed on Schedule G and the debtor must, on their Statement of Intentions (SOI), indicate what they want to do. Those options are assume or reject. If the debtor doesn't do anything or put anything on the SOI then it is rejected....
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  • Oh. Then you are fine because your answer to the question "Does anyone owe you money?" will be a resounding, "No." The Trustee could only seek to collect on those loans if they were still outstanding and due.

    I was worried when. you said "but they always paid me...
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