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Waiting for my lawyer to finish paperwork and file

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Contributor

Waiting for my lawyer to finish paperwork and file

I had built up good credit, and probably went a little overboard. Former Company shut down. Then my wife got a job offer in FL. I came after I had a job lined up. Spent all our cash to move for deposits and trucks. Well my job fell through and 4 months later I took a job making 30% less. Needless to say everything fell apart. I paid the lawyer last week to file a CH7, and he said we should be good. They just called and said he should have it ready to sign and file this Wed. Now I am worried it wont go through due to income. We are in FL where the median income is listed at 85k for a family of 5, and currently we are at 73k. I am still afraid we will get forced in to CH13. Do I have anything to worry about?

11-15-19 - EX 543 - EQ 554 - TU 580

After BK posted11-17-19 - EX 543 - EQ 553 - TU 566
Message 1 of 5
4 REPLIES 4
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Frequent Contributor

Re: Waiting for my lawyer to finish paperwork and file

 
Chapter 13
Date filed: 3/17/20
Meeting of the creditors (341): 5/20/20
Confirmation hearing: 6/11/2020
Deadline for filing claims: 6/17/20
Plan confirmed: 7/2/2020
Deadline for filing claims (Government): 9/14/20

Scores as of 10/9/20 (MyFICO Monthly Subscription/updates on the 8th of every month)
Equifax 624
Transunion 605
Experian 615

Open Accounts
Great Lakes (Student Loan) Pd Never Late - Perfect History/will not update until PIF $4,220 balance at $140 per month
Target (Survived Bankruptcy) Pd Never Late - Perfect History $3,000 limit/$0.00 Balance
Cartier (Survived Bankruptcy) Pd Never Late - Perfect History $8,000 limit/$0.00 Balance
NFCU Amex (AU) $25K limit/$11K balance (removing soon)
NFCU Secured Card (Trustee Approved) $2K limit/will PIF each month before statement cuts
TD Bank Secured Card $500 limit/will PIF each month before statement cuts

All closed accounts are reporting correctly with $0.00 balance

Message 2 of 5
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Contributor

Re: Waiting for my lawyer to finish paperwork and file

Sorry for the confusion, but the income drop was almost 2 years ago, and I havent gotten back to that level yet. I actually like my current job and boss. When I knew I would have to file eventually I just stayed put, and will till the dust settles. Unfortunatly my boss is retiring in June 2020 and it will probably be time to move on.

 

My lawyer seemed like income wouldnt be an issue. I just wondered if anyone else is around my income and family size and wheather they had any issues.

11-15-19 - EX 543 - EQ 554 - TU 580

After BK posted11-17-19 - EX 543 - EQ 553 - TU 566
Message 3 of 5
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Frequent Contributor

Re: Waiting for my lawyer to finish paperwork and file

@House2016 -  You're under the amount, and have been for 2 yrs.  You'll be fine.  I've only had a reduction for the last 5 months... #Worried

Chapter 13
Date filed: 3/17/20
Meeting of the creditors (341): 5/20/20
Confirmation hearing: 6/11/2020
Deadline for filing claims: 6/17/20
Plan confirmed: 7/2/2020
Deadline for filing claims (Government): 9/14/20

Scores as of 10/9/20 (MyFICO Monthly Subscription/updates on the 8th of every month)
Equifax 624
Transunion 605
Experian 615

Open Accounts
Great Lakes (Student Loan) Pd Never Late - Perfect History/will not update until PIF $4,220 balance at $140 per month
Target (Survived Bankruptcy) Pd Never Late - Perfect History $3,000 limit/$0.00 Balance
Cartier (Survived Bankruptcy) Pd Never Late - Perfect History $8,000 limit/$0.00 Balance
NFCU Amex (AU) $25K limit/$11K balance (removing soon)
NFCU Secured Card (Trustee Approved) $2K limit/will PIF each month before statement cuts
TD Bank Secured Card $500 limit/will PIF each month before statement cuts

All closed accounts are reporting correctly with $0.00 balance

Message 4 of 5
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Super Contributor

Re: Waiting for my lawyer to finish paperwork and file

As of May 2019 for a family of 5 in Fl is $87,833.00. Your well below that by $14,000. No worries. Good luck on your filing to DC. Hope it will all be smooth sailing. You'll be fine.

Message 5 of 5
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