Below is some specifics on my BK.
Now, my stbx said he will no longer pay the BK attny ($675), also, he seems to think he will be buying a condo soon (like in the next 6 months) because he wants me to buy him out of the house at $33k. We haven't agreed to having the house BK'd, so I don't think I will get buy in from him, however, he is not going to pay the 2nd mortgage. He is an angry person and I am getting no where with him.
In the meantime, we each got an email from our attny stating for there to be no more outbursts toward him (from my stbx), he siad the trustee wants proof of auto insurance (my stbx doesn't have insurance!) and the trustee wants the last year of credit card statements that have a balance over $10,000. He also wants a copy of our tax returns.
I filed the tax returns incorrectly, using turbo tax, in error, I thought I could file head of household, as we were seperatated from Jan to April and July 17th to current. So I though 6months total, but it's July 1 thru Dec 31. So my refund will be minumal vs. what it was. My BK attny seems to think the trustee opened our case, because the $3k return paid for his overhead so now it was worth his time to explore. But now, I have to ammend my tax return because I don't want that to be incorrect and I feel bad about incorrect taxes. So now, they won't get $3K, they will get $500, plus $300 more in the stupid rebate check.
Oh, also, the trustee wants $1500 per car plus the trustee's fees? What's that?
Are we getting ridden? This seems like the worst story yet! I have the attny, my stbx and the trustee all at me. I think I'm getting the short end of the stick here! I want to cancel my BK and tell them all to #&$*! off and just figure out a way to pay off my portion of the debt. This is all really aweful... I had NO clue. I thought I did enough research, but I don't think I did.
Does this stuff sound normal or really bad? Can I cancel my BK now. I had my 341 meeting on 4/29. I'd like to sell my house, pay off my portion of debt and pay down my debt. That actually sounds better to me than this #&$!. Also, with that, I will get counsleing through Crown Finanical and they will help me figure out how to talk to my creditors. This has been that bad, I'd rather figure out how to pay off $60,000 in debt, as a single mom on $40k per year. And I thought BK was my right as an American? It feels more like the maffia is after me. Lovely!
By the way, I feel peace about this idea, whereas, I have been in turmoil over the BK. Is the trustee harder on my cuz I have Wells Fargo, Chase, Citi & Bank of America as my cc companies? Does that play a roll?
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Background info on my BK, so there is less confussion
******************************
My husband and I are going through a divorce. Right before finalizating the divorce, we decided to BK (ch 7) our $80K in credit card debt. We filed for BK on March 22. We had our 341 meeting on April 29th. We used an attny.
We have a house, that I live in. He lives in an apt. We owe $281K on the house. We listed it worth $366K in the paperwork. So, I'm not sure if they consider selling costs, but even so, that shows about the $40K exempt limit. So, since we each have $1500 "equity" in each car (after the $5000 total (2) car exemption), the trustee said he wanted our cars or he wants $1500 for each car. He asked about our tax return. We have one coming, he wants that. He also wants our Bush Rebate Check, and he brought that up after our attny tried to help us, speaking up about the "wild card". The trustee also wants a copy of our tax returns.
So, did the 60 days start yet? Or does it start after he gets his $3000 for the "cars", all the IRS money? Doesn't creditors need to have a chance to "show up" for me to dispute the bk? When does that occur? Before my 341 meeting, I watched others go thru their 341 meeting and he asked if anyone was there for the couple filing for BK... but he didn't ask during our meeting. When does the 60 clock start ticking?
My attny wants a retainer for 3 hours, at $225 per hour. I have two kids and I'm trying to hold on to this darn house. How am I to pay the $1500 for my car and the $675 for the attny? My soon to be ex is thinking of giving them his car and leasing one afterward. Could he qualify to lease? We are in such bad shape right now. He's living in a crapy one bedroom. He is not planning on paying the 2nd mortgage, and let it forclose. I'm thinking of having him quick claim himself off the mortgage and I can struggle on my own with this mortgage pmt ($1560 + $570 per month). I make $40k per year plus $733/mo in childsupport. I have a job I put in for, to make $60k per year, so if that came thru I could keep the house. Also, perhaps I can get a roommate in a few months. Rent around here is about $1500 for a little old house.
***********************
Now, my stbx said he will no longer pay the BK attny ($675), also, he seems to think he will be buying a condo soon (like in the next 6 months) because he wants me to buy him out of the house at $33k. We haven't agreed to having the house BK'd, so I don't think I will get buy in from him, however, he is not going to pay the 2nd mortgage. He is an angry person and I am getting no where with him.
In the meantime, we each got an email from our attny stating for there to be no more outbursts toward him (from my stbx), he siad the trustee wants proof of auto insurance (my stbx doesn't have insurance!) and the trustee wants the last year of credit card statements that have a balance over $10,000. He also wants a copy of our tax returns.
I filed the tax returns incorrectly, using turbo tax, in error, I thought I could file head of household, as we were seperatated from Jan to April and July 17th to current. So I though 6months total, but it's July 1 thru Dec 31. So my refund will be minumal vs. what it was. My BK attny seems to think the trustee opened our case, because the $3k return paid for his overhead so now it was worth his time to explore. But now, I have to ammend my tax return because I don't want that to be incorrect and I feel bad about incorrect taxes. So now, they won't get $3K, they will get $500, plus $300 more in the stupid rebate check.
Oh, also, the trustee wants $1500 per car plus the trustee's fees? What's that?
Are we getting ridden? This seems like the worst story yet! I have the attny, my stbx and the trustee all at me. I think I'm getting the short end of the stick here! I want to cancel my BK and tell them all to #&$*! off and just figure out a way to pay off my portion of the debt. This is all really aweful... I had NO clue. I thought I did enough research, but I don't think I did.
Does this stuff sound normal or really bad? Can I cancel my BK now. I had my 341 meeting on 4/29. I'd like to sell my house, pay off my portion of debt and pay down my debt. That actually sounds better to me than this #&$!. Also, with that, I will get counsleing through Crown Finanical and they will help me figure out how to talk to my creditors. This has been that bad, I'd rather figure out how to pay off $60,000 in debt, as a single mom on $40k per year. And I thought BK was my right as an American? It feels more like the maffia is after me. Lovely!
By the way, I feel peace about this idea, whereas, I have been in turmoil over the BK. Is the trustee harder on my cuz I have Wells Fargo, Chase, Citi & Bank of America as my cc companies? Does that play a roll?
****************************
Background info on my BK, so there is less confussion
******************************
My husband and I are going through a divorce. Right before finalizating the divorce, we decided to BK (ch 7) our $80K in credit card debt. We filed for BK on March 22. We had our 341 meeting on April 29th. We used an attny.
We have a house, that I live in. He lives in an apt. We owe $281K on the house. We listed it worth $366K in the paperwork. So, I'm not sure if they consider selling costs, but even so, that shows about the $40K exempt limit. So, since we each have $1500 "equity" in each car (after the $5000 total (2) car exemption), the trustee said he wanted our cars or he wants $1500 for each car. He asked about our tax return. We have one coming, he wants that. He also wants our Bush Rebate Check, and he brought that up after our attny tried to help us, speaking up about the "wild card". The trustee also wants a copy of our tax returns.
So, did the 60 days start yet? Or does it start after he gets his $3000 for the "cars", all the IRS money? Doesn't creditors need to have a chance to "show up" for me to dispute the bk? When does that occur? Before my 341 meeting, I watched others go thru their 341 meeting and he asked if anyone was there for the couple filing for BK... but he didn't ask during our meeting. When does the 60 clock start ticking?
My attny wants a retainer for 3 hours, at $225 per hour. I have two kids and I'm trying to hold on to this darn house. How am I to pay the $1500 for my car and the $675 for the attny? My soon to be ex is thinking of giving them his car and leasing one afterward. Could he qualify to lease? We are in such bad shape right now. He's living in a crapy one bedroom. He is not planning on paying the 2nd mortgage, and let it forclose. I'm thinking of having him quick claim himself off the mortgage and I can struggle on my own with this mortgage pmt ($1560 + $570 per month). I make $40k per year plus $733/mo in childsupport. I have a job I put in for, to make $60k per year, so if that came thru I could keep the house. Also, perhaps I can get a roommate in a few months. Rent around here is about $1500 for a little old house.
***********************
I have to get tough now and move through it... and put the house in the BK... don't know if I need my stbx to sign off on that tho... I'll ask attny.
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