Trustee payments after Ch. 13

[tryn2bfree]

hi everyone. i just found this forum and it looks great!

had my initial consultation with an attorney today. looks like i will only qualify for a ch. 13, which is fine with my but i am worried about the payments being high. right now i'm paying about $1100-$1200 per month in cc bills and a personal loan i have and am stretched extremely thin (just recently got a $4000 raise to $62000/year).

the reason i'm doing this is because i can only barely make my payments, bills, and rent as it is and i'm worried that i'll come out of this with a payment to the trustee that is still high.

i realize this may seem like an elementary issue/question but is it nearly assured that my payment to the trustee will be lower than what i'm currently paying monthly for my ccs and personal loan?

thanks!!!

[liz417]

Hi and welcome to this board!

Don't worry, you're payments will definately be less than what you are currently paying to your cc's. Go to this website: http://legalconsumer.com/ and do the means test yourself (punch in your zip code) and it will tell you if you qualify for a ch 7 or ch 13 and they it will give you an approx. repayment amount. Remember to list (for your attorney) all expenses including things that aren't purchased on a monthly basis: contacts, glasses, AAA services, etc. Good Luck!

[tryn2bfree]

thanks!

thanks for the info and awesome website! what a huge help and relief.