Married income $106k
Mortgage $1650 balance $212k We have about $160k in NEGATIVE equity
2nd Mortgage $450 balance $54k <---Is this considered unsecure?
My car $633 balance on loan $28k
Hubby $498 balance on loan $26K
unsecured debt 40,000
debt in father in laws name $14k
3 kids
I have a few questions I hope some of you can help with on your experience
We were told we couldn't file a 7 because of our income, hubby is outside sales in construction and he is on contract for another 2 months (more then likely it will be renewed) All of his work expenses are all paid out of our pocket. His job gives him a salary and we pay everything for his job, miles, lunches, gas etc. any vehicle expenses and any other supplies he may need.
Can that amount be added into our monthly expenses in order to keep his job?
We also have a young son who has autism and now needs extra tutoring and help outside of the school district we looked into the tutoring and this is about $35-40 per hour. We have not yet used the tutoring because we just found out he needed it and we cannot qualify for any help because of our income and on the same note we have so much debt and cannot afford to get one for him.
Can that be added in for our expenses?
We don't want to keep our house and the vehicles are uncertain, I owe $28k on mine and hubbys is $26k, can we keep one of the vehicles and see if we can get the credit union to give us fair market value on it?
And is there a limit on what you can have in vehicles under the plan?
Mortgage $1650 balance $212k We have about $160k in NEGATIVE equity
2nd Mortgage $450 balance $54k <---Is this considered unsecure?
My car $633 balance on loan $28k
Hubby $498 balance on loan $26K
unsecured debt 40,000
debt in father in laws name $14k
3 kids
I have a few questions I hope some of you can help with on your experience
We were told we couldn't file a 7 because of our income, hubby is outside sales in construction and he is on contract for another 2 months (more then likely it will be renewed) All of his work expenses are all paid out of our pocket. His job gives him a salary and we pay everything for his job, miles, lunches, gas etc. any vehicle expenses and any other supplies he may need.
Can that amount be added into our monthly expenses in order to keep his job?
We also have a young son who has autism and now needs extra tutoring and help outside of the school district we looked into the tutoring and this is about $35-40 per hour. We have not yet used the tutoring because we just found out he needed it and we cannot qualify for any help because of our income and on the same note we have so much debt and cannot afford to get one for him.
Can that be added in for our expenses?
We don't want to keep our house and the vehicles are uncertain, I owe $28k on mine and hubbys is $26k, can we keep one of the vehicles and see if we can get the credit union to give us fair market value on it?
And is there a limit on what you can have in vehicles under the plan?
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