Right now we are looking at ways of getting our expenses down so DH is looking into trading in his truck and getting into something with a lower monthly payment. We have some money we could use to put down, and the truck he has now, that he could put towards a cheaper truck. But, how would this affect us when we go to file? Would we have to wait 180 days?
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Don't worry about a thing
'Cause every little thing gonna be alright - Bob Marley -
Hmmm good question. I would ask though, if you lower your monthly expenses now before you file, will that give you more disposable income and possibly lean your towards a chapter 13? If you are planning on filing a chapter 7 and qualify for it, I would leave things as they are at least until after you file. If you were having to file a ch 13, then it will just show more disposable the trustee can have. If your expenses change now to show more disposable than if could possibly come back to bite you.That's just my personal take on it, maybe someone else can come along and make a suggestion or two."Try to save money. Someday it may be valuable again." - Anonymous -
The attorny advised that we could qualify as Chap 7 regardless of our income becuase the debt is all business debt. With the current truck payment we have NO disposable income. With the new truck payment, little if any. We are just trying to get our budget to where we are not going to be in the red every month.Don't worry about a thing
'Cause every little thing gonna be alright - Bob MarleyComment
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