Announcement

Collapse
No announcement yet.

User Profile

Collapse

Profile Sidebar

Collapse
Chrysalis
Chrysalis
Registered User
Last Activity: Today, 12:55 PM
Joined: 09-27-2016
  • Filter
  • Time
  • Show
  • Source
Clear All
new posts

  • Chrysalis
    replied to Chapter 7: Post-Filing
    Ok so my misunderstanding on that one was "contractually due". I thought it just meant -- what payments will be due to this creditor over the next 60 months? And you're saying it is "how much would actually have to go to this creditor to have them fully paid off within the 60 months"....
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    Well, when I said "the divide by 60 thing" I was talking about the car payments, where it says: "To calculate the average monthly payment here and on line 13e, add all amounts that are contractually due to each secured creditor in the 60 months after you filed for bankruptcy. Then divide...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    On the means test:

    Car payments make no sense to me. One is way higher than the actual payment, one is a little lower than the actual payment. I do understand the "divide by 60" thing -- but we'll be paying on the truck for the entire five years, so shouldn't that number just...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    Thanks, jb. I have pressed the pause button on the idea of getting a job, for sure. I've even pressed the pause button on worrying about our finances so much, since his disability payments are FINALLY beginning. We'll get past the 341 meeting, he'll go back to work eventually, and we will figure...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    CH, thanks for chiming in. You are reading it correctly, and at first I was not processing the whole picture, how it would "look" from the outside looking in. It doesn't matter what I can see coming with his future income. This could create a whole lotta headache -- and for what? I'd be...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to YNAB -- You Need A Budget
    YES! I am not basing any decisions on what balance is in our checking account -- but instead, looking at those categories and shifting things around as needed. Having all of those upcoming things "in your face" every day is like constant accountability. It has been *great* so far,...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    Well, I appreciate the discussion here, helping me think through this job offer. I feel really dumb for not thinking about this sooner (like before applying for jobs -- SIGH) *but* the only thing I can say in my own defense is that I KNOW what his earnings are going to look like from now on -- (still...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    Thanks, jb. Our attorney didn't seem even mildly concerned about anything with our case -- trying to tell myself that's a good thing. But I just don't want to go throw the whole thing off by getting a part-time job... I was really just thinking, wow, we have like NO money coming in right now... when...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    He did make over $100k the last TWO years, and from everything he's telling me now, it looks like he'll be at ~$84,500/year *best case* when he returns to work, not counting an annual bonus he may or may not receive. That's even less than was on the means test from the 6-month look back.
    ...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    There was no "room" for it. I understand why she probably left it off. I'm just saying, if they did try to say oh hey, you've got more money now... I'd have to be like, no, no we really don't -- and then would they not question the accuracy of *everything*?
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    justbroke, I'll be back in a little bit to say more -- but shouldn't a 401k loan which HAS to be paid back at least be shown as an expense on schedule J?
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    The more I think about this, the more it is bugging me. One attorney we consulted with told me "he can make as much money as he wants after we file" and then he said "well, he could wait until after the 341 meeting, that may look better".

    Now, come on. Which is...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    Well, there's going to be a total mismatch anyway, because A) he's off disability for probably 12 weeks, and B) his income changes all the time anyway!

    I guess I don't understand what they are looking for in those "last two pay stubs" ~ if everything is supposed to be based...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    I have another question today, if anyone would like to comment.

    As you know, my husband has been off work for 4 weeks now due to back surgery, and we have not yet received any of his disability pay. I started looking at jobs the other day, trying to see if I could find anything part-time,...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    I am glad you were able to get a loan when you needed it. I suppose there are a lot of people in that situation, and so, it is helpful to have these dealers reach out and let you know your options.

    We've considered (and considered... every which way) what to do about our vehicles, and...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    rebuilding37 ~ thanks! That's all good info to know. I think I'd rather stay away from PACER anyway, because it would probably just drive me (more) nuts.
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    AND I think this is the last thing I wanted to talk about for today.

    We received our first official form from the US Bankruptcy Court today -- this is form 309A: "Notice of Chapter 7 Bankruptcy Case -- No Proof of Claim Deadline". This of course has the date and time of...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    Another thing I wanted to share which I find interesting: Because we have all of our banking accounts with Capital One, we have free access to their product called "creditwise". So I've been keeping an eye on that -- and they also send me an email almost every day, telling us there are important...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    replied to Chapter 7: Post-Filing
    Thanks, jb. I will definitely do that if we hear from them again -- but I think we won't.

    The last time we spoke with them, the guy had called my phone, left a voicemail, and immediately called my husband's phone, but would not give him any information. He wanted to talk to me. We...
    See more | Go to post

    Leave a comment:


  • Chrysalis
    started a topic Chapter 7: Post-Filing

    Chapter 7: Post-Filing

    I have some thoughts to share now that we've filed ~ which may be helpful in some way, some day, for others out there.

    1) I only ended up speaking to one creditor after we had our appointment to file. (She officially filed our case the next day.) I had already spoken with all of our...
    See more | Go to post
No activity results to display
Show More
Working...
X