determining your expenses in ch13 post oct17

[thrilch]

I agree that the IRS tables look reasonable from all I've seen. But, I also think that the cost of moving can be extensive.

Depending on what the 'norm' is, $250 may be alot, or it may be a little. For me, $250 is about 15% extra. There are only 3 counties in GA higher than where I live, and another 3-4 that are pretty close. So, in a different county, $250 could be a 40-50% overage. We looked at finding a less expensive rent this past spring-and decided in the end against it. The added cost & time involved in commuting a greater distance, and the quality that would have been lost in schools (not to mention the actual cost of moving) helped us to decide to stay where we are.

Have these people heard about the rise in real estate prices? how are you supposed to buy a house with a mortgage of only $1000? I don't think this is reasonable at all.

[StaciMM]

It will depend on the area. That is why the #'s vary by county.

[thrilch]

It will depend on the area. That is why the #'s vary by county.

Well I bought a house at the very low end of price scale in this area, and my mortgage is higher than what they allow for my county. So it seems like they have screwed up on these #'s

[StaciMM]

Out of curiosity-what type of mortgage do you have? (30 year, 15 year, adjustable rate?)

Well I bought a house at the very low end of price scale in this area, and my mortgage is higher than what they allow for my county. So it seems like they have screwed up on these #'s

[thrilch]

Out of curiosity-what type of mortgage do you have? (30 year, 15 year, adjustable rate?)

30 yr fixed

[Lightning]

There's no constitutional right to home-ownership. If you can't afford to buy a house, don't buy a house.

[RickD]

Bankruptcy Means Test

here is a free link to use in determining your allowed mortgage expense by the state you live in.

Bankruptcy Means Test

http://www.bcande.com/bankruptcy.html