I am guessing the answer to this question is not going to be what I want to hear, but I need to ask anyway.
My husband is self employed and I am a student. When we filed Chapter 13 we were making more than double the amount that we are now. Now our income has dropped so much (due to the economy) to the extent that we are now probably considered to be in the poverty level. This has caused us to have a large tax refund due to child tax credit and earned income. We could use this refund desperately! However, our plan states that we need to pay half of our refund to the trustee. This would not normally be an issue, but we are so financially desperate right now that even half of it does not help our situation. I have asked our attorney if there was any chance of keeping it this year and he flat out told me no. He didn't even attempt to check into it. I hate asking him anything because he seems to assume more than anything. Plus, he is charging me for every call and meeting that we have. Obviously I cannot afford to pay him every time I have a question. We only have a year and a half of this to go and I have only called him 3 times and had one meeting since our initial hearing.
Is there any hope to keep our refund? I am not asking to modify my plan because I do not want to prolong our time in the plan. Also, I know my attorney will charge me to do a modification!
My husband is self employed and I am a student. When we filed Chapter 13 we were making more than double the amount that we are now. Now our income has dropped so much (due to the economy) to the extent that we are now probably considered to be in the poverty level. This has caused us to have a large tax refund due to child tax credit and earned income. We could use this refund desperately! However, our plan states that we need to pay half of our refund to the trustee. This would not normally be an issue, but we are so financially desperate right now that even half of it does not help our situation. I have asked our attorney if there was any chance of keeping it this year and he flat out told me no. He didn't even attempt to check into it. I hate asking him anything because he seems to assume more than anything. Plus, he is charging me for every call and meeting that we have. Obviously I cannot afford to pay him every time I have a question. We only have a year and a half of this to go and I have only called him 3 times and had one meeting since our initial hearing.
Is there any hope to keep our refund? I am not asking to modify my plan because I do not want to prolong our time in the plan. Also, I know my attorney will charge me to do a modification!
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