A lawyer has ran my numbers for means test. She stated that I am $1,300 over on the means test but that my payment plan would be $500(due to 401K loan payment and contributions allowed in CH13). My questions are as follows:
1. If I was to add term life and disabiltiy insurance (myself and spouse) my plan payment would go down dramatically even be negative. This is due to the fact that my premiums would be high due to being on the heavy side. Would this be accceptable?
2. If the plan payment is negative or extremely low could it then be converted to a CH7?
1. If I was to add term life and disabiltiy insurance (myself and spouse) my plan payment would go down dramatically even be negative. This is due to the fact that my premiums would be high due to being on the heavy side. Would this be accceptable?
2. If the plan payment is negative or extremely low could it then be converted to a CH7?
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