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Make to much for Chapter 7

SteelerNYC
Valued Contributor

Re: Make to much for Chapter 7


@gchance wrote:

I'm at 102,xxx for the year and the cut of for a family of four is 97k.  All of my debt is unsecured and i was told they can run the stress test, but i would need to pay 1000-1400 in order to find out if i can make 7 work.    


I had a high income CH7 living in an expensive area.

 

You need to talk to a few more lawyers .  .  . it is quite possible one can make this work, and will be able to let you know via a free consultation.

Ch 7 Discharge May 2015
Discover/Target/NFCU CLOC/NFCU More Rewards Amex/NFCU Platinum/PenFed Power Cash Rewards/PenFed Pathfinder Visa/Citi Costco Visa/CapitalOne SavorOne/Apple Card - $139,100 total revolving, 21% utilization
3.25% mortgage July 2020, $20k used Auto Loan October 2020, $20k PenFed Personal Loan Dec 2020
687/683/673 EX/EQ/TU w/ 5/6/6 INQs as of Jan 2021
Spending 2021 in the Garden
Message 11 of 13
gchance
Valued Member

Re: Make to much for Chapter 7

Thanks for all the help everyone!! I found an attorney that was a lot my willing to help and so far BK7 looks very possible. I have a meeting with him on Monday. Figures crossed.
Message 12 of 13
SteelerNYC
Valued Contributor

Re: Make to much for Chapter 7


@gchance wrote:
Thanks for all the help everyone!! I found an attorney that was a lot my willing to help and so far BK7 looks very possible. I have a meeting with him on Monday. Figures crossed.

good luck!

Ch 7 Discharge May 2015
Discover/Target/NFCU CLOC/NFCU More Rewards Amex/NFCU Platinum/PenFed Power Cash Rewards/PenFed Pathfinder Visa/Citi Costco Visa/CapitalOne SavorOne/Apple Card - $139,100 total revolving, 21% utilization
3.25% mortgage July 2020, $20k used Auto Loan October 2020, $20k PenFed Personal Loan Dec 2020
687/683/673 EX/EQ/TU w/ 5/6/6 INQs as of Jan 2021
Spending 2021 in the Garden
Message 13 of 13
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