Spoke to a lawyer about luxury purchases made last spring (covid panic buying 15k in 2 months using cc), and he wasn't concerned about them. However, on bk forums and websites, the look-back cut off seems to be 12 months. Do trustees only go back further than 12 months if the creditor complains and hires a trustee lawyer? Is the worst case scenario that only portions of the unsecured debt get discharged? Everything that's older than, say, 2 years?
Secondly, what is more important, the 6 month look back on paystubs or the last 2 years of W2s? I qualify for the 6 months of paystubs (working exactly 40 hrs a week and no more), but not for the past 2 years of W2s (higher 70k range because of massive OT). The job is non-skilled (transportation) and is likely going away in the next 5 years due to reorganizing the company and outside competition, so a 13 to hold an average job that likely won't be there in 5 years doesn't make good financial sense to me.
Further, there are job openings that put me a few thousand beneath the median income threshold, but have higher future earning potential. Would a job change, even after the 6 months of qualifying chapter 7 paystubs, look bad right before the signing the petition?
Secondly, what is more important, the 6 month look back on paystubs or the last 2 years of W2s? I qualify for the 6 months of paystubs (working exactly 40 hrs a week and no more), but not for the past 2 years of W2s (higher 70k range because of massive OT). The job is non-skilled (transportation) and is likely going away in the next 5 years due to reorganizing the company and outside competition, so a 13 to hold an average job that likely won't be there in 5 years doesn't make good financial sense to me.
Further, there are job openings that put me a few thousand beneath the median income threshold, but have higher future earning potential. Would a job change, even after the 6 months of qualifying chapter 7 paystubs, look bad right before the signing the petition?
Bankruptcy Tutor
Comment