I just wanted to share my experience.
I can not emphasize enough the importance of pre-planning. We purchased 2 newer vehicles prior to filing. In addition, we sold some assets, to use for downpayments as well as just pay bills each month. I made sure I documented where every penny went in case it was questioned.
06/28, we finally filed. 0% to unsecured creditors. 341 hearing was 08/21, and 09/06 plan was confirmed. Trustee didn't question anything about our plan. I feel it's a liveable plan and the countdown begins.
The biggest frustration I had with this whole process is the different advice we were given with the 5 consultations we had. Some said we couldn't sell anything. Others said it was fine to do so, just document where the money went. I know we can make the 5 years, and am looking forward to the light at the end of the tunnel.
I can not emphasize enough the importance of pre-planning. We purchased 2 newer vehicles prior to filing. In addition, we sold some assets, to use for downpayments as well as just pay bills each month. I made sure I documented where every penny went in case it was questioned.
06/28, we finally filed. 0% to unsecured creditors. 341 hearing was 08/21, and 09/06 plan was confirmed. Trustee didn't question anything about our plan. I feel it's a liveable plan and the countdown begins.
The biggest frustration I had with this whole process is the different advice we were given with the 5 consultations we had. Some said we couldn't sell anything. Others said it was fine to do so, just document where the money went. I know we can make the 5 years, and am looking forward to the light at the end of the tunnel.
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