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Met with an Attorney, Filing on Friday

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    Met with an Attorney, Filing on Friday

    After much debating with myself, endlessly weighing out my options over the past few months, I finally went to the attorneys office and paid the filing fee and handed in my paperwork yesterday. All they needed up front was $316 ($276 filing fee and $40 for the credit counseling). I have my final meeting with the attorney Friday and they told me that they will file that afternoon.

    It looks like I'll be in it for 36 months, with the payments at around $220. They told me that they always tell their clients to prepare themselves that the trustee may hike that up by almost $60 or $70 dollars depending. I'd be okay with that but they assured me that their initial proposals are usually accepted.
    I'll post an update after the meeting on Friday. Any tips or suggestions for a successful 341 would be greatly appreciated. I must admit, I slept pretty good last night. Ironically, my phone is ringing right now from an 803 area code creditor collection dialer. I'm sure that will all stop soon.

    -- $34,850 cc debt
    -- $5,500 tution debt (the Univ. had to pay back Sallie Mae loan on my
    behalf so it will be treated like a Student Loan)

    #2
    I'm assuming you are under median income for your state & family size?

    Main suggestion: look forward, it will be ok! You've covered income & expenses with your attorney, and you are comfortable with your proposed payment amount. When you sign the paperwork on Friday, look it over carefully and have your atty correct any errors/typos.

    For more specifics, keep in mind you'll need to make the first plan payment in ~30 days, and if you're keeping/paying any secured items directly (not paying them thru the plan) that any post-petition payments need to be paid on time.
    Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
    (In the 'planning' stage, to file ch. 13 if/when we have to.)

    Comment


      #3
      ps-I saw in an earlier post about your student loans... In a few years when you are back to repayment on them, look into income based repayment. Might lower your payment.
      Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
      (In the 'planning' stage, to file ch. 13 if/when we have to.)

      Comment

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