Recent Credit Card Charges

[mintz]

I will be honest with them. Sometimes we do dumb stuff

[jessegirl]

Mintz - PLEASE be honest and do not try to hide anything. Believe they will find out and that will be major for you. By you hiding the extra 1000.00 will only come back to bite you in the azzz.

[justbroke]

What is disposable income?

It's based on a formula used to calculate what you can contribute to unsecured creditors in a Chapter 13 Plan.

It's officially called "disposable monthly income".

[mintz]

What is disposable income?

[exhausted]

According to Texas law we make about $10,000 above the means. Does that mean they will make us do a Chapter 13?

I live in TX too, and mine and my husband's income was above the median. We were able to file chapter 7. IIRC, I have seen people on here who were well above the median and were able to file 7. As already mentioned, whether you go 7 or 13 depends on what your disposable income is. Even though we were above the median, after our expenses were added up, we had -$46/month.

[justbroke]

If you do not do direct deposit and your bank statement does not reflect your entire income, should you be honest and tell them that your spouse made an additional $1000 a month for the past 6 months.

Um, yes!!! Especially if it's being reported to the IRS. They use your tax returns to validate.

[mintz]

If you do not do direct deposit and your bank statement does not reflect your entire income, should you be honest and tell them that your spouse made an additional $1000 a month for the past 6 months.

[guitarman1908]

sorry for so many questions. Is the means test gross income or net?

[StartingOver08]

You bring all your check stubs and bank statments to your attorney.

[guitarman1908]

Do you bring your w2 to the trustee or lawyer or your check stub? Hos do they know how much you made in the past 6 months?

[guitarman1908]

According to Texas law we make about $10,000 above the means. Does that mean they will make us do a Chapter 13?

[mintz]

Thank you for all your help

[michele71]

You will definetly need to wait at least 90 days--but I agree the best thing to do is get ahold of a lawyer who would be in the best position to answer your questions.

[justbroke]

I live in Texas. Does the court decide whether you file a Chapter 7 or 13?

The means test determines whether you can file Chapter 7. Sometimes you don't get a choice.

I guess I'm trying to say that it's not so much the court, as it's the circumstances around your income and liabilities and what you're specifically trying to do.

[liz417]

Spend some time reading the previous posts on this fourm, the more info you know the better decisions you'll make regarding your ch 7 or ch 13. The "stickies" on each forum is a great way to start.
Here's the link to the means test: http://legalconsumer.com/

Good Luck!