I read that if your out of pocket medical expenses are more than 7.5% of your AGI, that there would be no penalty. If I needed to do this to pay for a procedure, would I need permission from the Trustee first?
-
Filed Chapter 13 05/23/08
Converted to Chapter 7 Jan 2012
Discharged April 2012
-
anyone?Filed Chapter 13 05/23/08
Converted to Chapter 7 Jan 2012
Discharged April 2012 -
The danger you have liquidating a protected asset to cash during an active 13 is that it removes the protection afforded to 401Ks when you filed. Your trustee might see whatever you take out as now-available disposable income to seize. Talk to your lawyer first and get his/her opinion about this before doing anything. And I hope whatever health problems you are dealing with will be better soon.I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to goComment
Comment