Chapter7- happy endings?

[MEA2]

Has anyone filed for Chapter 7 and been discharged since the new law was enacted?Even better,were you close to/or over the median income and your Chapter 7 still went through?
Thanks

[anonymuse]

I'm not there yet; however, there are many over median income posters around here that will share their success stories with you.

[razorguns]

most here have. It's not that hard. Harder is trying to fight the private sector and getting your cr balances wiped clean.

They're not as amicable as the govt. Unlike the govt, they're not on your side.

r

[MEA2]

[QUOTE=razorguns;67482]most here have. It's not that hard. Harder is trying to fight the private sector and getting your cr balances wiped clean.

They're not as amicable as the govt. Unlike the govt, they're not on your side.



Can you explain this?that's what I'm trying to do-$50,000 on CC's

[SinkingFast]

You may not get a bunch of stories, MEA. Most people come here during the process and move on when their BK is done.

[Rona123]

MEA,

Sinkingfast is right, most move on. I've actually not been on the boards in several months after my discharge, but ironically, returned today! It can be such an intense experience, most like to not think about it for a while!

While the actual dates escape me at the moment (funny how when you're in the process, those dates mean EVERYTHING!), but I filed for Chapter 7 in January, and was discharged in April.

Don't let the new laws scare you. I was just over the median income, but mine went very smoothly. Just be sure to do what I'm sure everyone else has recommended. Get a good lawyer that you can trust, and be VERY organized. That will make the process much easier than you can imagine.

Good luck!
Ron

[InLimbo]

Hi Mea, we just filed chapter 7 and we are way over the median. We have really no idea what to expect, but once things start rolling I'll keep ya updated as how its going.

[macsen]

We filed 7 in August and are well...well...well over the median. Attorney still doesn't feel it will be an issue because after all the means testing we sit at less than $100 disposable. My attorney specializes in Ch. 13 cases, teaches classes for the local bar and a local law school on the reform act and Ch. 13 and he still is confident we are gtg for a 7.

It's so subjective though it can drive anyone insane! No concrete examples to comfort you as all cases are different. We have our 341 on Friday however and I'll be sure an let you know if the trustee agrees with the attorney. Even after however, it's on the U.S. Trustee to approve so....ARGH!

[anonymuse]

Do a search on "discharged" or "over median" and you'll find lots and lots of posts! (And lots of happy dances too!)

[anonymuse]

Here's some posts to look at:

http://www.bkforum.com/showthread.php?t=7436&highlight=median

http://www.bkforum.com/showthread.php?t=8152&highlight=median

http://www.bkforum.com/showthread.php?t=7480&highlight=median

http://www.bkforum.com/showthread.php?t=6944&highlight=median

[MEA2]

Hi Mea, we just filed chapter 7 and we are way over the median. We have really no idea what to expect, but once things start rolling I'll keep ya updated as how its going.

Thanks INLIMBO please do keep me updated !Good luck to you!!!

[MEA2]

We filed 7 in August and are well...well...well over the median. Attorney still doesn't feel it will be an issue because after all the means testing we sit at less than $100 disposable. My attorney specializes in Ch. 13 cases, teaches classes for the local bar and a local law school on the reform act and Ch. 13 and he still is confident we are gtg for a 7.

It's so subjective though it can drive anyone insane! No concrete examples to comfort you as all cases are different. We have our 341 on Friday however and I'll be sure an let you know if the trustee agrees with the attorney. Even after however, it's on the U.S. Trustee to approve so....ARGH!

Thanks Macsen!Good luck hope it all goes through!Keep me posted!

[MEA2]

Here's some posts to look at:

http://www.bkforum.com/showthread.php?t=7436&highlight=median

http://www.bkforum.com/showthread.php?t=8152&highlight=median

http://www.bkforum.com/showthread.php?t=7480&highlight=median

http://www.bkforum.com/showthread.ph...ghlight=median

Thanks anonymuse,I'll check these out!

[MEA2]

MEA,

Sinkingfast is right, most move on. I've actually not been on the boards in several months after my discharge, but ironically, returned today! It can be such an intense experience, most like to not think about it for a while!

While the actual dates escape me at the moment (funny how when you're in the process, those dates mean EVERYTHING!), but I filed for Chapter 7 in January, and was discharged in April.

Don't let the new laws scare you. I was just over the median income, but mine went very smoothly. Just be sure to do what I'm sure everyone else has recommended. Get a good lawyer that you can trust, and be VERY organized. That will make the process much easier than you can imagine.

Good luck!
Ron

Thanks Ron,glad it went well for you.You must be so relieved!How is life after BK?Are you used to buying with cash only now?Is it hard to adjust?

[CATCHMEIFYOUCAN]

While your waiting

What happens while your waiting to be discharged in Chapter 7, creditors to object ??? Can you look to find ways to make more money (or should you wait for the discharge ???) I know I asked this once before but I lost my post and forgot to check back to see if anyone answered, sorry for the repeat. Anyone ever file from a chapter 13 to a chapter 7, and if so, how long did the process take ???

Thanks, catchmeifyoucan