My lawyer and I will be working on our payment plan - I will be in 100% plan.
As posted in my other thread--I suspect that a bunch of my creditors wont make a claim or that their claims will be disallowed (illegal-offshore-unlicensed payday loans). So the payment based on all of these creditors may be alot more thatn is necessary to pay my 100% plan in 5 years. Im great with paying it off quicker as long as the payment is manageable.
Would it possibly be reasonable to structure my payment plan to account for reduced child care costs in the 2nd half of the plan? I have 2 children - ages 3 and 1-1/2. I pay $1350 a month in childcare. In 2 years that will go down to about $1000, in three years to $600, and in 4 years that expense will be gone--or minimal to account for school fees, etc.
My thinking is to try and schedule lower payments -$900 or so the first 2 years, and bump it up by the savings later. The plan will still go in with a payback of under 60 months, and with some unfiled claims will even be shorter.
My lawyer had said previously that they wont likely push for my full disposable income since we plan on going in with a 100% plan less than 60 months off the bat.
As posted in my other thread--I suspect that a bunch of my creditors wont make a claim or that their claims will be disallowed (illegal-offshore-unlicensed payday loans). So the payment based on all of these creditors may be alot more thatn is necessary to pay my 100% plan in 5 years. Im great with paying it off quicker as long as the payment is manageable.
Would it possibly be reasonable to structure my payment plan to account for reduced child care costs in the 2nd half of the plan? I have 2 children - ages 3 and 1-1/2. I pay $1350 a month in childcare. In 2 years that will go down to about $1000, in three years to $600, and in 4 years that expense will be gone--or minimal to account for school fees, etc.
My thinking is to try and schedule lower payments -$900 or so the first 2 years, and bump it up by the savings later. The plan will still go in with a payback of under 60 months, and with some unfiled claims will even be shorter.
My lawyer had said previously that they wont likely push for my full disposable income since we plan on going in with a 100% plan less than 60 months off the bat.
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