Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do: (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.

Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Discharged from debt: Chapter 7, over the median income

  • Filter
  • Time
  • Show
Clear All
new posts

  • Discharged from debt: Chapter 7, over the median income

    We were over the income filers and were just discharged - timely - from our debts.

    ~We had an underwater house that we could not sell - nor barter with the servicer - and had rented for a couple of years. It would foreclosure.
    ~ 2 CC's total about 20k
    ~couple motorcycles and cars
    ~house in the county
    ~over the area's median by about 800/m...

    I spent a lot of time reading here b4 approaching an atty. I COULD have done this pro se, but I had the money and figured a local with experience who knows the players would be of benefit.

    At first meeting with atty he thought I should go 13 with near 100% payback. I showed him my expense sheet and explained it and he was willing to try 7. (My atty is the "best in the state" for BK according to a VVIP. I think it is just his motive to give 13s to the Trustee. I also think it is better for their long term balance sheets. Path of least resistance / lowest hanging fruit and all) . But he ultimately did NOT bat an eye when I said try for 7 first.

    Until the 341 meeting, I was on these forums hours a days. I wore out the search function looking up previous topics relevant to my case. We had a choice of Exemptions in our state and we went with Federal. We were able to protect 100% of our assets - we gave up the old house. We arrived at a DMI of about $75. When I really scratched my head hard over monthly expenses, it was not hard to get to the magic number: life insurance, taxes, maintenance etc...

    After the 341, I almost never thought about our BK again. It was smooth sailing and discharged on time.

    Really big props to the regulars on here who contribute so much - so quickly!

    Parting advice - really spend time here learning about reasonable legitimate monthly expenses. You'll be suprised. I know it varies by district, but listing income in months leading up to BK is a truly grey area (aside from the obvious income). I've read that some filers had to list 401k disbursements and gifts while others did not. If your grey area income is on the borderline of filing C7 - research that and on your free consults, ask that question right out of the gate....

    Hurray to us and Hurray to you.

    I am really glad that our country offers us this fresh start. How would entrepreneurs flourish in this country without an escape plan? I read that many foreign nations consult with our bk judges to adapt their system to ours. I think it's totally whack that student debt isn't dischargable for the most part - but other than that, I am proud of our system and proud that I we did it. SOOO much better than drowning.

    See ya round like a doughnut.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    8/10 - began researching bk, 9/10 - stopped paying ccs, 10/10 - paid atty fees, 11/10 - filed c7 - over median income , 12/22 - 341, 12/23/ - no distribution

  • #2
    CONGRATULATIONS!!!! There's nothing like a Discharge in the middle of the week!! I hope you will stick around to give moral support to the newbies. Here you go:

    "To go bravely forward is to invite a miracle."

    "Worry is the darkroom where negatives are formed."


    • #3
      Happy Fresh Start to You, ozarkmiss!! Congrats!
      ~~ Filed Over Median Income Chapter 7: 12/17/2010 ~~ 341 Held: 1/12/2011 ~~ Discharged: 03/16/2011 ~~
      Not an attorney - just an opinionated woman.


      • #4
        Thanks so much you all. Do you know that was the first time I clicked on the hamster link? I wanted to save it for my special day. Really appreciate this warm and smart community.
        ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~
        8/10 - began researching bk, 9/10 - stopped paying ccs, 10/10 - paid atty fees, 11/10 - filed c7 - over median income , 12/22 - 341, 12/23/ - no distribution


        • #5
          Congrats to you! It's always great to read the good news. You are so right about the people and help on this forum. Incredible.
          Stopped paying 8/2010, Filed 2/2011, 341 3/2011 done, Report of no distribution . . . Discharged & Closed 5/2011!


          • #6
            Congrats!!! Hope to join that happy dance soon! T minus 12 days and counting!


            • #7
              Congrats, Ozark!
              Chapter 7 filed 10/8/10...341 Meeting 12/6/10....Discharged 2/16/2011....Case Closed! 3/1/2011


              • #8
                Well said Ozarkmiss!!! Congrats to you!! I agree with us being lucky to have this escape plan.
                Filed Ch. 7 11/8/10: Survived 341 Meeting 12/13/10 Report of No Distribution!! 12/14/10Received UST Presumption of Abuse!! 12/15/10 UST states Dismissal is Inappropriate! DISHARGED!! 2/22/11


                • #9
                  Congrats and best of luck in your future!!


                  • #10
                    What a great post. Thanks for taking the time, ozarkmiss. Congrats
                    There are two secrets for success in life:
                    1.) Never tell everything you know.


                    • #11
                      Hi Ozarkmiss,

                      Just wanted to mention that I couldn't agree more with the advice given in your post. I also spent a lot of time searching through the posts and was well prepared by the time we filed. I believe it made the difference between a 13 and a 7.



                      • #12
                        Originally posted by ozarkmiss View Post
                        Really big props to the regulars on here who contribute so much - so quickly!
                        The advice given here can be priceless. Now that you're wrapping up, perhaps you'll have time to be a regular contributor too?

                        Congratulations and good luck in your new future.
                        All information contained in this post is for informational and amusement purposes only.
                        Bankruptcy is a process, not an event.......


                        • #13
                          Ozark, just read your post - CONGRATULATIONS!!!! indeed!!!

                          May I ask you a question? We're over the median but with expenses, etc., in two montsh - lawyer thinks we can do Ch 7 - I'm interested in your experiences...what sort of docs did the trustee ask for? I only have w2 INCOME AND EVERything is documented....


                          • #14
                            Great news


                            • #15
                              Ozarkmiss, great news for you, thanks for posting. Just one question, how did you over come the plus 800 bucks a month income?


                              Unconfigured Ad Widget