Hi all. I'm new here and am really glad I stumbled across this site as it is keeping me sane. We filed our chapter 7 today. Without going into too much detail, due to lack of much time right now, here's my question.
My husband has been self-employed in the construction industry fo the past 12 years and just has not worked in almost 6 months and there's nothing coming up. There is just no one building new houses right now. Anyway, that led us to have to file because we have to make cuts somewhere. He has been offered a new job that pays less than what he was making self-employed but it will be steady work until the construction industry picks back up and he can go back to that at some point in the future. The start date the company is giving him is June 3 and our 341 is June 1. How, if at all is the new job going to affect our bankruptcy?
I know that one of the questions, the trustee will probably ask is if anything has changed and as of that date, it won't have changed but it WILL two days later and I'm not risking not telling the trustee about it but we won't have any proof of what his income will be until at least 2 weeks after the 341. Anyone else have any experience with this? Also, the plan is for this to be TEMPORARY. He has assets exempted as tools of the trade. Not a whole lot but he needs to keep them in order to avoid having to repurchase. Do you think that will be a problem?
Any insight would be great. Of course we have an attorney and we will go over this prior to the 341 BUT I'd like to sleep for the next couple of weeks. I just can't help but worry about some things....probably the usual....will the trustee decide we have assets? Will the $700 that was put on credit cards for groceries in the past 90 days (but not since we retained our attorney) affect anything? You know...the usual. Thanks!
My husband has been self-employed in the construction industry fo the past 12 years and just has not worked in almost 6 months and there's nothing coming up. There is just no one building new houses right now. Anyway, that led us to have to file because we have to make cuts somewhere. He has been offered a new job that pays less than what he was making self-employed but it will be steady work until the construction industry picks back up and he can go back to that at some point in the future. The start date the company is giving him is June 3 and our 341 is June 1. How, if at all is the new job going to affect our bankruptcy?
I know that one of the questions, the trustee will probably ask is if anything has changed and as of that date, it won't have changed but it WILL two days later and I'm not risking not telling the trustee about it but we won't have any proof of what his income will be until at least 2 weeks after the 341. Anyone else have any experience with this? Also, the plan is for this to be TEMPORARY. He has assets exempted as tools of the trade. Not a whole lot but he needs to keep them in order to avoid having to repurchase. Do you think that will be a problem?
Any insight would be great. Of course we have an attorney and we will go over this prior to the 341 BUT I'd like to sleep for the next couple of weeks. I just can't help but worry about some things....probably the usual....will the trustee decide we have assets? Will the $700 that was put on credit cards for groceries in the past 90 days (but not since we retained our attorney) affect anything? You know...the usual. Thanks!
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