quitting for bk?

[backtoschool]

that's exactly what I was thinking... so the Trustee didn't question why you quit? I assume the Trustee wouldn't like people quitting just to get a BK

I got laid off in January and decided to go back to school instead of looking for a full time job. That gave me six months to get my formerly high income down. But I think it is easier to explain "hardship" if you have more than a couple of months unemployed. Just my opinion....

[shabam]

My wife applied for a job at the same company 350 miles away and was hired in 3 days! Woo hoooo!

Why that close?

[socal1105]

This is what I did. Quit in March, filed in June. No questions asked, but man the budget has been TIGHT.

that's exactly what I was thinking... so the Trustee didn't question why you quit? I assume the Trustee wouldn't like people quitting just to get a BK

[bkmaggster]

hmm... I'm thinking after 3 months of unemployment, my 6 month average income should be half of what it is now... and that would be low enough for me to qualify.

This is what I did. Quit in March, filed in June. No questions asked, but man the budget has been TIGHT.

[socal1105]

hmm... I'm thinking after 3 months of unemployment, my 6 month average income should be half of what it is now... and that would be low enough for me to qualify.

[backtoschool]

Hello all...

I am considering filing for a BK7, but at this time, my disposable income is about $1,000 per month (due to not having any open expenses and living with boyfriend that pays for half of rent, utilities, food, etc). And obviously, with that much disposable income, I'm certain I would not qualify for a BK7. So to overcome that, I'm considering quitting my job right now to qualify. I know it's not good to quit a job just for the sake of filing for BK, but I am planning on quitting anyways in the very near future, but I would just be doing it a few months earlier so I can file BK. I would explain in more details, but this will be an even longer thread if I did.

So my question is if I were to quit and file for a BK7 about three months later, how badly would that look to the Trustee? I'm sure they would frown upon me quitting, but would it be serious enough for them to dismiss my petition? If so, what if my petition showed that I was "fired" instead of quitting? Would the Trustee contact my ex-employer and verify that I was fired?

I got soooo many more questions, and hopefully you guys would be able to help me sort out my situation so I can make sure I can get qualified for a BK7. Thanks everyone...

...and I'm in Orange County, CA.

They go back six months on income. You will have to bring in six months of pay records, so you will have to be unemployed for six months to seriously affect your income if you are that much over each month.

[debtmonster]

My wife did it so we could be under the median. But we were also in the middle of moving. The issue didn't come up at all during our 341. I wouldn't sweat it. Do what you have to in order to bring down the disposable income or to get under the median.

My wife applied for a job at the same company 350 miles away and was hired in 3 days! Woo hoooo!

[socal1105]

Hello all...

I am considering filing for a BK7, but at this time, my disposable income is about $1,000 per month (due to not having any open expenses and living with boyfriend that pays for half of rent, utilities, food, etc). And obviously, with that much disposable income, I'm certain I would not qualify for a BK7. So to overcome that, I'm considering quitting my job right now to qualify. I know it's not good to quit a job just for the sake of filing for BK, but I am planning on quitting anyways in the very near future, but I would just be doing it a few months earlier so I can file BK. I would explain in more details, but this will be an even longer thread if I did.

So my question is if I were to quit and file for a BK7 about three months later, how badly would that look to the Trustee? I'm sure they would frown upon me quitting, but would it be serious enough for them to dismiss my petition? If so, what if my petition showed that I was "fired" instead of quitting? Would the Trustee contact my ex-employer and verify that I was fired?

I got soooo many more questions, and hopefully you guys would be able to help me sort out my situation so I can make sure I can get qualified for a BK7. Thanks everyone...

...and I'm in Orange County, CA.