Well, we had our 341 today. Thanks to this forum, I was not really nervous at all. Only thing that was different from what I was expecting was that each case was brought in front of the trustee seperately...behind closed doors. So, we weren't able to observe other cases to get a feel for how ours would go.
Anyways...
Our meeting went well - no real hiccups until the trustee found something that our lawyer messed up on. Evidently, our lawyer used the federal exemptions for us with the understanding that our house was in both of our names. It isn't, it's only in my name. And, we had told our lawyer this.
(After we got out of the meeting, he appologized profusely for the error.)
So then I get a call from our lawyers office (a paralegal) just a little bit ago, saying that since they need to correct the exemptions to the state exemptions due to the house being in my name only, that they would need to extend our plan for a longer period of time in order for us to pay in the extra $$ for now non-exempt assets. I mentioned to her that the trustee also brought up a question about when my husbands child support would end. Since half of it ends in just over a year...and the other half in just over two years, could we just apply that extra income to our plan payment.
Granted we're looking at probably paying in approximately at total of $17,600 rather than the $7,200 than was originally planned...but we'd still only be looking at a 36 month plan!
I think I'm ok with this.....I just wish there was a way that we didn't have to pay in THAT much more.
Other than these few (minor I think) changes, we're all set to get back to a stress-free life. We're lucky that our budget seems to be very do-able.
Anyways...
Our meeting went well - no real hiccups until the trustee found something that our lawyer messed up on. Evidently, our lawyer used the federal exemptions for us with the understanding that our house was in both of our names. It isn't, it's only in my name. And, we had told our lawyer this.
(After we got out of the meeting, he appologized profusely for the error.)
So then I get a call from our lawyers office (a paralegal) just a little bit ago, saying that since they need to correct the exemptions to the state exemptions due to the house being in my name only, that they would need to extend our plan for a longer period of time in order for us to pay in the extra $$ for now non-exempt assets. I mentioned to her that the trustee also brought up a question about when my husbands child support would end. Since half of it ends in just over a year...and the other half in just over two years, could we just apply that extra income to our plan payment.
Granted we're looking at probably paying in approximately at total of $17,600 rather than the $7,200 than was originally planned...but we'd still only be looking at a 36 month plan!
I think I'm ok with this.....I just wish there was a way that we didn't have to pay in THAT much more.
Other than these few (minor I think) changes, we're all set to get back to a stress-free life. We're lucky that our budget seems to be very do-able.
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