@Anonymous wrote:
CAn you be denied for Chapter 7 or 13 because your budget is to high currently?
your lawyer, if you are using one, will tell you before you even consider filing if you qualify using the means test. something about 10% disposable after all is spent will disqualify you. so that is why you have to make sure you list everything you spend your money on to prove that after everything is paid and all your checks come through, you do not have enough to make even a dollar worth of payment to your creditors.
the 341 meeting is sweet and to the point, where they ask you a few questions under oath, in my case, in front of everyone in the room (as if filing isn't embarrassing enough, lol)
the financial management classes are really helpful in terms of budgeting and your future outlook...it really helped me a lot in terms of budgeting since i was never taught the importance of a sinking fund, savings, budgeting.
if your case is simple, like you really don't have enough money to pay your creditors, then you should get a discharge within a month of the 341 meeting. no creditors will be there unless you are holding on to major properties and they will lay a claim on.
just be honest with your lawyer about everything so there will be no surprises on the 341 question and answer.
