Please list your current debt
Age of accounts and balances with late history
Please also list if you have a car or a mortgage or if you rent. How much is the car worth vs what you owe how long have you had it
What is your income?
Ch7 is always better than 13 most times
The both hit you just as bad on Credit and one gives you a clean slate.
Age of accounts and balances with late history
Please also list if you have a car or a mortgage or if you rent. How much is the car worth vs what you owe how long have you had it
What is your income?
Ch7 is always better than 13 most times
The both hit you just as bad on Credit and one gives you a clean slate.
What state do you reside?
You could be under the income for your state and qualify for ch7
Get rid of the car and get a new one
If you are over the income you may still qualify by the means test
You said you live with family. Do you pay rent? File tax return as single or are you a dependent of theirs? Depends if you have to include their income or not
How much rent? And how do you pay check or cash? You’ll have to be able to prove it
If you are over the income you can still qualify for ch7 via the means test although easier if your income is under really quick
Are you expecting to get taxes back this year?
Ch13 is good if you have high income and a home you are trying to save. You don’t have either. I wouldn’t say your a good candidate for it
They total all you unsecured debt and divide by 36/ or 60 months
They also take your disposable income from the means test and multiply by 60.
And that’s your payment what ever is less
Doesn’t leave you with much money. And ch13 Costs much more in the long run.
You could be under the income for your state and qualify for ch7
Get rid of the car and get a new one
If you are over the income you may still qualify by the means test
You said you live with family. Do you pay rent? File tax return as single or are you a dependent of theirs? Depends if you have to include their income or not
How much rent? And how do you pay check or cash? You’ll have to be able to prove it
If you are over the income you can still qualify for ch7 via the means test although easier if your income is under really quick
Are you expecting to get taxes back this year?
Ch13 is good if you have high income and a home you are trying to save. You don’t have either. I wouldn’t say your a good candidate for it
They total all you unsecured debt and divide by 36/ or 60 months
They also take your disposable income from the means test and multiply by 60.
And that’s your payment what ever is less
Doesn’t leave you with much money. And ch13 Costs much more in the long run.