I had came on the forum about a year ago and was advised not to file BK because I had low income. There was no income/ property creditors could take from me. I got a job offer and it starts in a week. Immediately I want to set up payment arrangements for my student loans that have been defaulted. I still need to file BK. I don't make enough money to pay my back debt and pay my bills that are going to start. I know the means tests goes by the last 6 months so I know I will qualify for Chapter 7. I wanted to know is there a certain amount of time that I should wait to file after the job? It will take a month to month and half to raise the money for an attorney. Also I know live with my parents and I would want to move on my own...me filing BK would hinder me in what type of way in regards to moving out. A longer waiting period to be able to do so, etc. Thanks for all the help in advance.
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Congrats on the job.
You file for bk when it will benefit you the most.
The means test is just step 1. You still must fill out schedules I and J that are forward looking as to income and expenses.
Will your salary put you over the median? Will you need a rental expense and other attendant expenses to help pass the means test? -
No I will still pass the means test regardless. Thank you.Comment
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