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No Man's Land!

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    No Man's Land!

    Ok, how about this scenario...

    We originally started our filing as a ch13, but after the purchasing a second car, our attorney said we could convert it to a ch7.

    Heres the weird part. In the means test for a 13, we qualify by about $100. But in the means test for a 7, we are over by about $250. This is due to a deduction for retirement which isn't on the ch7 means test.

    Our attorney says they may go ahead and let us keep it as a ch7, but if they make us switch it to a ch13, we will have no payment to unsecured debtors. Just to the two cars.

    Anyone ever seen this before???

    #2
    That is weird, as you are not allowed to accumulate new debt (any debt) while in Ch13, without the permission of the Trustee. How did you get to purchasing another car ???

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

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      #3
      Sorry for the confusion, but we hadn't actually filed a 13 yet. We were supposed to, but the attorney said if we were to get a second car, we would qualify for a ch7.

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        #4
        Ok, so if you purchase a new car before you filed (which I ended up doing) it ate up $400 disposable income that would have gone to the trustee during filing. Makes more sense!

        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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