Went to my first meeting today and the payment my attorney gave me was outrageous!!!! It looks like all he did was divide my total debt by 60. It doesn't seem like he figured in my expenses or anything. WHY??!??! Isn't that why I have figured my expenses? There is no way I can pay this payment every month and be able to survive! What do I do now?????
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Did you file Chapter 13 to protect your home/auto?
Did you not qualify for a Chapter 7?
Do you have a lot of equity in your home/auto?
Need more info about you case.....Minny
"It's amazing the paths that our feet sometimes follow in life".
My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different. -
On the attorney side, did you pay him in full, or in installments?
Don't let him just fill in paperwork and file. Know what's going on every step of the way and ask until he gives you an answer that you understand.*** THIS IS NOT LEGAL ADVICE--ONLY A LAWYER CAN PROVIDE THAT. ***
My posts represent hours of research on and off the web, these forums, my experience, and my opinions.Comment
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I haven't hired him yet, just went to our free consultation. He said we wouldn't qualify for ch 7. As far as the house, we owe about 130,000. Our last appraisal had it appraised for 135,000. Our last assessment notice was at 148,000. What would they use to determine the equity? As far as the vehicles, one is paid for (10 yrs old, over 100000 miles), the other we owe about 9000 and is probably worth about 10000.Comment
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Appraisal - (owe on your house) - (liens/HELOC) - (cost to sell house) = equity
If you're equity is less than the homestead exemption in your state, then you may qualify for Ch 7.
What state do you live in?*** THIS IS NOT LEGAL ADVICE--ONLY A LAWYER CAN PROVIDE THAT. ***
My posts represent hours of research on and off the web, these forums, my experience, and my opinions.Comment
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Make more appts with other attnys and have some more Consults.Originally posted by 123
Attnys think that you come to see them, you'll go along with whatever they say to do and you'll hire the first one you visit with. I think more than a few people here have had a Consult like the one you experienced. Myself included.
Have some more Consults.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...Comment
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I agree with sinking- get more opinions. My first consultation gave me a quote of almost $900.00 a month, which was TOTALLY outrageous and there would have been no way in hell I could of paid that everymonth.
Our second consultation gave us a quote of $300.00 a month, and he stood by it and it was confirmed.
Do your homework and get a great attorney....some are just paper pushers, but there are some out there that actually want to help you. Good luck!Comment
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