After going through a messy and confusing time with my chapter 7 to chapter 13 conversion and not getting answers to important questions I decided to fire my lawyer and hire a new firm.
The new firm has multiple lawyers and is looking at my case from numerous angles to provide me with the best outcome possible. In the interim I converted to a chapter 13 so a lot of my worries about assets being taken/etc have been quelled.
They brought up a lot of good points regarding my assets such as my car being paid for with community funds (my divorce is pending), her car being paid with community funds which generates a community interest for me. I had no idea that this could become an issue.
They instructed me to separate the property on my divorce decree but regardless as long as I have enough money to pay for a plan the Chapter 13 trustee wouldn't try to go after any assets.
Just wanted to get some feedback on this and if anyone could enlighten me on how assets are handled in a chapter 13 when someone makes enough money to satisfy a 100% plan.
Thanks in advance.
The new firm has multiple lawyers and is looking at my case from numerous angles to provide me with the best outcome possible. In the interim I converted to a chapter 13 so a lot of my worries about assets being taken/etc have been quelled.
They brought up a lot of good points regarding my assets such as my car being paid for with community funds (my divorce is pending), her car being paid with community funds which generates a community interest for me. I had no idea that this could become an issue.
They instructed me to separate the property on my divorce decree but regardless as long as I have enough money to pay for a plan the Chapter 13 trustee wouldn't try to go after any assets.
Just wanted to get some feedback on this and if anyone could enlighten me on how assets are handled in a chapter 13 when someone makes enough money to satisfy a 100% plan.
Thanks in advance.
Comment