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Sounds great. As they tune your petition you'll get.a better idea of your payment.
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You will definitely have a Chapter 13 Standing Trustee. Your attorney will figure out your payment and help guide you through your expenses.
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You will have a trustee. Everyone gets a Trustee in a Chapter 7. The Trustee is responsible for managing the case and ensuring that you have completely the forms correctly and to determine if you have assets.
If you are under-the-median then the numbers you choose are not likely to be problematic....
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Generally speaking, a bank or any other employer cannot fire an employee "solely" because they filed or had filed bankruptcy. This is well settled. If you have any sort of licensing which has fiduciary responsibilities, it could raise some questions. I hold a security clearance and during...
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There is no way anyone can tell you. We can guess. I would use the value that you spend on it today and then rethink what the Trustee may allow. My Trustee in Florida allowed $50 per person in the home for "enertainment." The Miscellaneous you are seeing is probably a Means Testing amount...
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You may be able to do a 722 Redemption and get a new car. But that is complex to do as a Pro Se debtor. I don't know if it will work for you. The rates are very high.
https://722redemption.com/...
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There is already an "ownership allowance" as part of the United States Trustee (UST) Means Testing. Whether that fits for your vehicle is fact dependent. Midwest region is $239/month for a single vehicle.
Most people would try to get a new vehicle and get rid of their current...
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The petition is your Bankruptcy Petition (Form 101) and all the completed schedules and required local forms.
Please discuss whether you should wait to delay your filing with your attorney. It may be more strategic but you may need to make other decisions requiring running some numbers....
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You need to have purchased the vehicle from the initial creditor at least 910 days in order to cram down the value. This so-called "cram down" paragraph is in 11 USC 1325; it is also known as the hanging paragraph. It is an anti-modification paragraph so that debtors can't just cram down a...
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justbroke replied to Question Question about form B108 statement of intention? reaffirm the apartment lease?in Chapter 7travel1000, how to complete the forms and whether or not to list on the creditor matrix is part of the strategy and is a legal question that I can't answer for you. My post, I believe, was related to rejecting a lease. You do not need to file any motion when assuming a lease.
As I wrote...
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justbroke replied to Question Question about form B108 statement of intention? reaffirm the apartment lease?in Chapter 7Do you have a guidebook? I highly suggest that you either go to the library to obtain or purchase one of the Filing Bankruptcy guidebooks.- You can't reaffirm a lease. You can only reject or assume an executory contract or lease.
- There is no such thing as "unexpired personal property."
- Property
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You need an Indiana attorney to answer the question. An exemption, such as "personal property exemption" may not be the sames as a "business property exemption." The distinction probably matters even if you are a sole proprietor. Think of it as some things are exempt and some things...
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I can't tell you that. Only an Indiana attorney could tell you whether inventory is "personal property" under Indiana bankruptcy law. Now whether you can continue your business is a different story.
I highly suggest obtaining 3 to 5 free bankruptcy consultations with Indiana bankruptcy...
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First, you would use either fair market value (FMV) or liquidation value depending on how your local district deals with valuation of property.
For your second question, business property is "business personal property." The inventory is likely property of the bankruptcy estate...
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Welcome to BKForum!
As for household size, the definition says all members of a household so your household size will likely hold up. The question would be whether the United States Trustee (UST) wants to challenge that. If the UST challenges the household size, it will usually be if you...
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It depends. There may be some attorney that can argue that even with $1000*12 plus $18000 (which is $30,000 annualized), you are still under-the-median, that your SSI income doesn't count, and that you should be able to obtain a discharge under the rules of a Chapter 7.
The best thing to...
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