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Ekop785
Junior Member
Last Activity: Today, 07:59 AM
Joined: 05-12-2020
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  • Ekop785
    replied to How does my Schedule J look?
    I am still a bit confused, for the reasons Scarlett 1234 mentions. Since I am far below means and thus do not have to submit form 122A-2, will trustee use the IRS CFS standards (which would only allow $ 975 for rent) or would they accept the IRS National Standards (which is much higher and which...
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  • Ekop785
    replied to How does my Schedule J look?
    My income is so far below the means that I did not have to submit itemizations for that (form 122A-1 states "there is no presumption of abuse. Go to Part 3. Do NOT fill out or file Official Form 122A-2.") However, like you said, I am worried now about what I pay for rent (schedule J). I will...
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    Last edited by Ekop785; 02-26-2021, 09:47 AM.

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  • Ekop785
    replied to How does my Schedule J look?
    Looking at the CFS standard, $1490 would be allowed (for family of 1), but that would include utilities. So no matter what I use, I will be over....
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  • Ekop785
    replied to How does my Schedule J look?
    I'll just have to submit it, anyways. I can't put that I pay $ 943 for rent when I pay significantly more than that. Even if trustee only accepts rent as "943.00" (which is not realistic), I should still be okay. My food budget could actually be a little higher.
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  • Ekop785
    replied to How does my Schedule J look?
    Thanks - I thought they used the IRS National Standards for rent, which is much more realistic. As for spending 1/3 income on rent....maybe in my next life. :-(

    I have bad credit and 3 cats, there isn't a landlord on the planet that would accept me. I just pray this place doesn't...
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  • Ekop785
    replied to How does my Schedule J look?
    Should I be concerned that I am in the red by (311.00) - I mean, concerned from a discharge perspective ? At some point I will move, but I can't right now because my credit is tanked.

    No asset, chapter 7....
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  • Ekop785
    started a topic How does my Schedule J look?

    How does my Schedule J look?

    Net monthly income: $2,096.00
    ...
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  • Ekop785
    started a topic Schedule E/F question - date incurred?

    Schedule E/F question - date incurred?

    Hi folks,

    Back again with one more question, this one in regards to unsecured credit cards (schedule E/F part 2): "When was the debt incurred"?

    Is trustee looking for date card was first used, date card was last used or both? Although, formatting only allows...
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  • Ekop785
    replied to Discharge!
    Congratulations! That is wonderful news!...
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  • Ekop785
    replied to Florida Exemptions
    KBB "good" condition came in at $4500. That leaves me $ 500 left in exemptions for everything I own (old stuff, but standard furniture for 1-bedroom apartment and old computer).

    I am not sure what happens in this scenerio, but I don't think trustee will dismiss case because...
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  • You may also want to look into an OIC (Offer in Compromise). Sometimes (in about 45% of requests), IRS can reduce the amount you owe depending on your circumstances. It can be a long process (can take a few months for approval), but it can be done. You would still do a payment arrangement, but...
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  • Ekop785
    replied to Florida Exemptions
    Thank you, justbroke. Perhaps I could use the KBB 'fair value' or average it in with the 'good' condition. My car does need new tires and the upholstery is in horrible condition. But mechanically, it only needs general servicing.

    Do you think trustee might accept 'fair condition"...
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  • Ekop785
    replied to Florida Exemptions
    I have this EXACT question (also a renter in FL). Car is worth $4500 so $ 1,000 (vehicle exemption) + $ 3500 (taken out of wildcard) leaves me with $ 500 to cover all of my belongings??

    Guess trustee will be coming for my tv and sofa?

    Sheesh, FL is great if you want to keep...
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  • Ekop785
    started a topic Stacking Exemptions

    Stacking Exemptions

    I am resurrecting this thread because I have the exact question (except I am in FL, so different statutes apply, but I am stacking a wildcard with my vehicle exemption).

    I am inclined to list the vehicle on only one line, but list more than one statute as LadyintheRed suggests.
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