I've been debating bankruptcy for awhile. In trying to put it off, I may have gotten myself into more of a problem. I just had a car repossessed. The bank offered to settle the debt for $1500. I agreed. I owed over $14,000. Will the $12,500 that was charged off count as income? Or will it show that I was favoring a debt? I'm right at the median income, so will it put me over? I can't pass the means test, I actually don't have a lot of expenses so I need to stay below the median.
Also, I'm a teacher. I want to quit my job and move out of state. I can't quit until June since I'm under contract for the school year. So I can't move yet and I have 2 big dogs so I can't rent. I want to include my house in the bankruptcy. Can I file now and add the house later. I have to file soon since I only get paid for 10 months and I won't pass the income limit if some of the summer months aren't included.
Also, I'm a teacher. I want to quit my job and move out of state. I can't quit until June since I'm under contract for the school year. So I can't move yet and I have 2 big dogs so I can't rent. I want to include my house in the bankruptcy. Can I file now and add the house later. I have to file soon since I only get paid for 10 months and I won't pass the income limit if some of the summer months aren't included.
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