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Another question about schedule I (income)

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    Another question about schedule I (income)

    If I have been working for a company and the income is below the states median and therefore eligible for a chapter 7 bk and lost or quit my job and
    no longer had any income, how long would I have to wait after leaving the
    job before I could file bk7? Just wondering if there is a time limit involved.

    Thanks again for your help

    #2
    If you were below the Median while you were employed, the longer you are unemployed, the lower your 6 month CMI will be.

    Probably the only waiting period you'd need to abide by would be the 70/90 Day Rule on Cash Advances/Charges.
    Filed Ch 7 - 09/06
    Discharged - 12/2006
    Officially Declared No Asset - 03/2007
    Closed - 04/2007

    I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

    Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

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      #3
      Just my 2 cents:

      Technically you are unemployed, not making a dime, I would think you would be able to file right away. I was working 2 full time jobs, they wanted $800 a month to confirm a ch13 plan. I decided to quit one job, and converted to ch7 right away, no further questions, no rechecking income, waiting to be discharged in about another 3 1/2 weeks! (CROSSING MY FINGERS)

      Catchmeifyoucan
      July 2006: Filed Ch13 :blink:
      Oct 2006: Converted to Ch7 :clapping:
      Jan 2007: DISCHARGED :clapping:
      Nov 2007: CLOSED :yahoo::yahoo::yahoo:

      Comment

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