Announcement

Collapse
No announcement yet.

User Profile

Collapse

Profile Sidebar

Collapse
justbroke
justbroke
Super Moderator
Last Activity: Today, 08:51 AM
Joined: 07-10-2008
  • Filter
  • Time
  • Show
  • Source
Clear All
new posts

  • justbroke
    replied to Final Cure Response - panicked!!
    Expect that your attorney will make sure your discharge is entered. Other than that, just let your attorney deal with this. It's unfortunate that you are behind a payment (and just paid it late), but that needs to change. I hope that your next payment is on time. You will likely be charged attorney...
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Unsecured percentage increased?
    What I was trying to convey is that I personally would not look at the National Data Center numbers to try to guess whether or not I am done. The percentage payback is not something to worry about (unless you were originally in a 100% plan). I would just continue to pay. I used the NDC (National...
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Unsecured percentage increased?
    When you surrender tax refunds, that increases the percentage to unsecured creditors. The additional money from the refund, that gets applied to your Chapter 13 payments, just increases the base payment and the percentage.

    I would not watch or care about the percentage payback. Just...
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Unsecured percentage increased?
    This may answer your question... are you required to surrender tax refunds?
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Not reaffirming auto loan
    They will not reinstate your online access unless you were reaffirming. You will need to mail a check. You will need to make sure that check is received by them before that 10-day grace period. The grace period is fine, otherwise. I had similar issues with my lender removing my access and I had...
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Not reaffirming auto loan
    There are at least two auto loan lenders that are notorious for requiring a reaffirmation; I believe they are Toyota and Ford Motor Credit. Credit unions (CUs) are also notorious for requiring/demanding a reaffirmation.

    How far are you being in payments? Are you within the grace period?...
    See more | Go to post

    Leave a comment:


  • Give it 3-5 business days. The Electronic Bankruptcy Noticing system will send updates to the subscribers (the credit bureaus) overnight and they should process that within a couple of business days. That means that it is a minimum of 2 business days for the update to hit the credit bureaus.
    ...
    See more | Go to post

    Leave a comment:


  • So, combine that with your attorney informing you that it's not required to surrender tax refunds, then I would say that you are good to go. I have a small suggestion though. Since you lived without that withheld tax refund for the year, try saving the majority of those funds for your emergency (squirrel)...
    See more | Go to post

    Leave a comment:


  • It is usually something as simple as... "the Debtor must commit all tax refunds, beginning with tax year XXXX to the plan each year during the applicable plan period."

    or...

    "all future refunds from the Internal Revenue Service shall be turned over to the Chapter...
    See more | Go to post

    Leave a comment:


  • Confirmation orders are specific to the individual debtor's case. Districts differ between how they treat tax refunds. Some debtor attorneys take the average of the annual tax refund (when doing the Means Test) and add it into the regular income so that it's already factored. Some districts allow the...
    See more | Go to post
    Last edited by justbroke; 01-17-2018, 09:22 PM.

    Leave a comment:


  • justbroke
    replied to Contractor Hourly Job Vs. Salary Job
    With great risk, comes great reward. But... don't overlook the risks. ...
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Rent Increase during Ch. 13
    You would be subject to the USTP Limits in effect at the time of filing. If that was prior to 11/2017, then you would use the prior limits. The key will be how your attorney approaches the Trustee and reminds them that this was a known unknown at the time of filing.
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Rent Increase during Ch. 13
    Your attorney's suggestion to seek Trustee approval first, is appropriate and reasonable. Modifying a Chapter 13 plan is not difficult and so long as you are not exceeding any of the USTP Program standards, the Trustee is likely to approve. However, there are only a few counties in Maryland that allow...
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Dish network contract dispute
    Yes, collection activity (and lawsuits) can happen while you're in an active Chapter 13. The key here is that the debt is post-petition debt -- meaning that the debt involved in the collection activity was not created prior to filing the Chapter 13.

    A Chapter 13 simply does not protect...
    See more | Go to post

    Leave a comment:


  • There are strategies so that the settlement isn't all at risk. You have to think about what a bankruptcy would do. If you were discharging all the medical debt, then you wouldn't need to pay the doctors and that means that any payment in the settlement for medical bills would become property of the...
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Away, Back, and Catching Up!
    Thank you both for the condolences....
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Away, Back, and Catching Up!
    Thank you for the wishes.
    See more | Go to post

    Leave a comment:


  • justbroke
    replied to Contractor Hourly Job Vs. Salary Job
    I have been in this position and this is exactly the scenario. In order to move from W-2 to 1099 I would want to have at least 6 months of cash reserves which can be difficult in a Chapter 13. I took the security of the W-2 long-time employer over the money as a 1099-employee during my Chapter 13...
    See more | Go to post

    Leave a comment:


  • Bankrate (.com) is the place I will usually look for rates. I like credit unions and Alliant is at 1.30% right now.
    See more | Go to post

    Leave a comment:


  • I obtained a secured card during my Chapter 13. I was told that I can do anything in the ordinary course of business, and travel was my ordinary course of business. It took a while to get the secured card to a $5,000 limit. I usually pay for the business trips from my own cash and then get reimbursed,...
    See more | Go to post

    Leave a comment:

No activity results to display
Show More
Working...
X