Spoke with an attorney today bout filing BK and he said we are not eligible for a chapter 7 and he dosent sdvise a 13 due to the fact I amy lose my job due to the military moving my spouse. Well credit counseling will not help I wont have any money left for living. A debt settlement company has already screwed me over and BOA wont except there proposal and I am recieving letters from a law firm threating to take action. I cant do anything I guess. What if they sue me what happens. They cannot touch my home due to the fact its in my husbands name. I am letting my car get repo but my husband has 2 so I am okay there. From my understanding they can take me to court and the judge can take up to 25% of my pay but for how long? I have several crediters after me due to the failed debt settlement company.
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Why cant you do a 7? -
Are you over the Median?? Filed a previous BK within the last 8 years??Originally posted by 325Falcon View Post
What was the attny's reason why you do not qualify to file a Ch 7??Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...Comment
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Talk to another Attorney also."You once asked me for advice. You want some now? Never pass up a good thing." Lieutenant Jean Rasczak, Starship Troopers
Join the Mobile Infantry and save the world. Service guarantees citizenship.Comment
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We are over the median combined by 12grand for a family of 5. if you add my credit card exspense I am in the negative. I am an idiot I cant believe I let myself get in this shape. I am worried that I will still not have anything left over if I file 13 I dont have any disposible income due to being so far behind on bills. i am just worried that if I do a 13 and then we get transfered I will be out of a job and will not be capable of paying my payments to my trustee. Then what would I do?Comment
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It's a strange suggestion, but I think you should quit your job to get below the median and file a 7. It doesn't sound like you have a lot of tenure at your job and plan to stay there awhile anyway. Just my 2 cents.Filed Ch 7 - January 29th, 2008
341 - February 29th, 2008
Discharge - June 20th, 2008
Closed - October, 2008Comment
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If you think you are screwed now wait till you let your lender sell you car. They have no incentive to sell it at a market price. Who gets stuck with the difference from what it sells for and what you owe, it is you.
So if you cannot pay for it or work something out then sell it yourself. They need to agree with it so they will release their lien.
regards,
emoneyComment
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when are you moving?Filed CH7 - 10/13/05;
341 Meetings: 11/28/05, 3/20/06, 12/4/07 (3d time's a charm!)
Converted: 2/15/06 (to CH13), 10/15/07 (Back to CH7)
DISCHARGED: 2/15/08
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A Military man making over the median!!?? What rank is your husband?
Being a Military Family do you have the option of using your home state of record median income? What about the federal?
If not, I think quitting your job to avoid a 13 is the right move.Comment
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