Filed Today-7

[stanblam]

Hello all, I have been reading this forum for a month or so, great information but have been having a hard time finding something I really want to hear.

I filed today, Feb 26th, Chapter 7. It was tight, the lawyers had to work pretty good to get me to qualify with the means test but got it done. It was reviewed by 2 supervising attorneys (very large firm), they approved and sent it in. I make more the the median income would allow, so it was deduction type of stuff....

Anyway, my 341 is the 24th of March, and I have no assets exept my house which I owe what it is worth, "just bought it last year"....

My question is this. If I met the guidelines to qualify for 7, and they were really tough and the attorneys are good, does that mean my 341 should be a no brainier and I will be done with this soon? What can go wrong from here?

Thanks!

[NoMoreRed]

It should be 30-45 days for the 341 and then a 60 days period for creditors to object before discharge. As long as everything is in order I would think the only that could go wrong is any objections during the 60 day period unless something was missing for the trustee at the 341.

[stanblam]

I guess I was fortunate, they called today with the file / doc number to give for creditors phone calls until they are notified and they said my 341 was the 24th, so that's only 26 days to wait.... I did have to say we would re-affirm a couple of debts, (my house for sure, it's something I didn't want to give up) a jewelry store cc and two laptops I bought on a line of credit, but I really don't know what that means... I haven't paid them anything for a long time,,,,, so I will have to begin paying them again?

[outsidetool]

I guess I was fortunate, they called today with the file / doc number to give for creditors phone calls until they are notified and they said my 341 was the 24th, so that's only 26 days to wait.... I did have to say we would re-affirm a couple of debts, (my house for sure, it's something I didn't want to give up) a jewelry store cc and two laptops I bought on a line of credit, but I really don't know what that means... I haven't paid them anything for a long time,,,,, so I will have to begin paying them again?

I guess reaffs are ok if they're a MUST; I also had a jewelry account issue, but my atty didn't even list it as secured. I had listed it under secured initially when filling out paperwork for the filing. Also, had a computer account and I listed that as 'secured' though I knew the 'puter was worth only around $200 with over $1000 still owed on the account. My atty also listed that as 'unsecured.' The computer account was never an issue; the jewelry account did squak a bit at my atty's office--his paralegal told them to 'perfect and file a legitimate claim of security.' Apparrantly the jewelry account folk didn't know how to do that and they went away too. The issue of computers has been somewhere on this forum before; the general thought was that they depreciate rather quickly--so you usually don't want to turn out reaffirming for an amount much greater than the value.