First thanks all for your kind words regarding my FIL. He is actually better today so this week is looking up.
We had our long awaited 341 yesterday and as most say it was really not too bad. We are over the median, but passed the means test (i hope, if i understand the process, the trustee will determine that over the next 14 days). I was very nervous but our atty did review certain questions ahead of time on which to be prepared for such as how much income do you anticipate on making this year. The credit union who was suing us did have a representative there and seemed to take pleasure in asking what we spent our money on in regards to the defaulted loan/cc. I took great pleasure in looking back at her explaining well, when you and your spouse lose your jobs within 9 months of each other, have a home, 2 children, a dog, a frog, etc...we put food on the table, heated our home, paid medical bills, etc. I don't think it mattered but it made me feel better.
There was one question on Schedule C apparently the atty who prepared our schedules put a % instead of a $ amount regarding our taxes and the trustee asked him to correct it within 10 days. Atty said no big deal they'll get it corrected. I'm assuming there will be no issues with that. (I hope).
It was surprising (or not) to see so many people in the waiting area. It was crazy to think this goes on 8 hours a day 5 days a week. I hope our government wakes up soon.
Thanks to all for your support and knowledge. I hope I am only a lurker here the next 60 days.
We had our long awaited 341 yesterday and as most say it was really not too bad. We are over the median, but passed the means test (i hope, if i understand the process, the trustee will determine that over the next 14 days). I was very nervous but our atty did review certain questions ahead of time on which to be prepared for such as how much income do you anticipate on making this year. The credit union who was suing us did have a representative there and seemed to take pleasure in asking what we spent our money on in regards to the defaulted loan/cc. I took great pleasure in looking back at her explaining well, when you and your spouse lose your jobs within 9 months of each other, have a home, 2 children, a dog, a frog, etc...we put food on the table, heated our home, paid medical bills, etc. I don't think it mattered but it made me feel better.
There was one question on Schedule C apparently the atty who prepared our schedules put a % instead of a $ amount regarding our taxes and the trustee asked him to correct it within 10 days. Atty said no big deal they'll get it corrected. I'm assuming there will be no issues with that. (I hope).
It was surprising (or not) to see so many people in the waiting area. It was crazy to think this goes on 8 hours a day 5 days a week. I hope our government wakes up soon.
Thanks to all for your support and knowledge. I hope I am only a lurker here the next 60 days.
December 2011
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