Hi, I have lurked here for a month and I've learned so much from all of you. I do have a few questions and would appreciate any opinions you can give me.
My husband and I met with an attorney for a consultation and were given a list of documents to bring back for a second meeting with the paralegal, and we also were asked to bring along a check for $774. I gathered the documents and brought the check and she filled out a bunch of papers for us to file. Over the past 6 months my husband worked tons of overtime as he was the only person to cover a territory and for call outs. When the paralegal figured his income she added 190.00 for
1/12th of our past income tax and also added his 401k contribtions as in PA they are not allowed. This totally inflated his actual net income therefore making our monthly payments quoted at $968/month to the Trustee. (I know the paralegal is correct and her figures are right) We are current on our mortgage, car and secureds..the filing is all for credit card debt.
Anyway, getting back on track In October the overtime was cut back as they hired a new employee to help cover the area. Wouldn't it be in our best interest to wait a few months to file when it shows our income as being "true" to average? Our income will be about $500-600 less a month during the next year. We stopped paying our credit cards Oct 23rd...how much trouble will we be in by the end of March? Our meeting was just last Thursday and of course when I called Friday to inquire, they were not in. She seemed to want us to file by the end of November but we are really not comfortable with the numbers. Are we obligated to file by the end of the month because we gave them $774?
Thanks in advance for your comments, I know I was a tad long-winded
My husband and I met with an attorney for a consultation and were given a list of documents to bring back for a second meeting with the paralegal, and we also were asked to bring along a check for $774. I gathered the documents and brought the check and she filled out a bunch of papers for us to file. Over the past 6 months my husband worked tons of overtime as he was the only person to cover a territory and for call outs. When the paralegal figured his income she added 190.00 for
1/12th of our past income tax and also added his 401k contribtions as in PA they are not allowed. This totally inflated his actual net income therefore making our monthly payments quoted at $968/month to the Trustee. (I know the paralegal is correct and her figures are right) We are current on our mortgage, car and secureds..the filing is all for credit card debt.
Anyway, getting back on track In October the overtime was cut back as they hired a new employee to help cover the area. Wouldn't it be in our best interest to wait a few months to file when it shows our income as being "true" to average? Our income will be about $500-600 less a month during the next year. We stopped paying our credit cards Oct 23rd...how much trouble will we be in by the end of March? Our meeting was just last Thursday and of course when I called Friday to inquire, they were not in. She seemed to want us to file by the end of November but we are really not comfortable with the numbers. Are we obligated to file by the end of the month because we gave them $774?
Thanks in advance for your comments, I know I was a tad long-winded
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