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**landofpoor** · 03-09-2009, 06:22 PM

Originally posted by AngelinaCatHub View Post

HELLO, I'M BAAAACK:

Take it from one who knows, I had to pay my god-daughter and son-in-law twice. Once to them and when the Trustee found out, rented his lawyer (which I have to pay) and located this transfer, I get to pay it again. To the Trustee. PLEASE keep this in the white light. Get the Chapter 7 book from Nolo Press for about 17 bucks downloaded in PDF. nolo.com You cannot work this system, or it will work you. There is nothing new under the sun. GBWY 'Hub

So in other words I will never be able to file bk seeing what I have done in the past according to my posts?

**uneasy** · 03-09-2009, 06:28 PM

Ok. Thanks for all the advice everyone.

True Confession: I have already paid back $3,000. I can't get it back. The person I paid back loaned this money to me, and then had to have it back to pay their taxes.

I have money in the bank right now because a decent sized project came my way last month. This, after a long dry spell. Right now I still have about $15,000 in the bank. What am I supposed to do with it? I read I shouldn't keep it in the bank, so if I take it out, then what am I supposed to do with it? I need it run the business and I have a lot of expenses coming up. It's a help right now, but it doesn't wipe out 2 years of business being really slow.

I am looking at filing next fall. I don't want to wait another year if I don't have to. I really, really want to put this behind me. On top of that, I think that business is getting better now. I'm afraid that the longer I wait, the less likely it is that I will pass the means test.

Any advice?

**DebtStinks** · 03-09-2009, 06:28 PM

Originally posted by landofpoor View Post

So in other words I will never be able to file bk seeing what I have done in the past according to my posts?

Just figure out what the look back period is (1 year in most) for inside transfers and keep it clean for that period of time. Then file.

**DebtStinks** · 03-09-2009, 06:35 PM

What state are you in uneasy? Have you checked what exemptions are available to you?

**justbroke** · 03-09-2009, 06:38 PM

I don't even feel comfortable attempting to explain to someone how to circumnavigate the system. When the Trustee asks if you paid any insider (relative) any sum of money in the last year... how do you answer?

If you have and don't answer yes, then you may just find out how mean the Trustee can be. They won't go after you... it will be your relatives and friends.

**AngelinaCatHub** · 03-09-2009, 06:39 PM

Originally posted by uneasy View Post

Ok. Thanks for all the advice everyone.

True Confession: I have already paid back $3,000. I can't get it back. The person I paid back loaned this money to me, and then had to have it back to pay their taxes.

I have money in the bank right now because a decent sized project came my way last month. This, after a long dry spell. Right now I still have about $15,000 in the bank. What am I supposed to do with it? I read I shouldn't keep it in the bank, so if I take it out, then what am I supposed to do with it? I need it run the business and I have a lot of expenses coming up. It's a help right now, but it doesn't wipe out 2 years of business being really slow.

I am looking at filing next fall. I don't want to wait another year if I don't have to. I really, really want to put this behind me. On top of that, I think that business is getting better now. I'm afraid that the longer I wait, the less likely it is that I will pass the means test.

Any advice?

**uneasy** · 03-09-2009, 06:41 PM

Originally posted by DebtStinks View Post

What state are you in uneasy? Have you checked what exemptions are available to you?

I have, but I am single, no dependents, own my car outright (not worth much), and I rent. But, I have about $100k in cc debt. My income is really erratic. In years past, one big project supported me for an entire year. And, I can go months with no income at all. It's really hard to predict what will happen. I don't think my income will go down this year. I think it will go up. I think this might be my last chance for a fresh start.

**landofpoor** · 03-09-2009, 06:43 PM

Originally posted by DebtStinks View Post

Just figure out what the look back period is (1 year in most) for inside transfers and keep it clean for that period of time. Then file.

thanks debtstinks.last advance i did was july 08 and last use of cc was set 08 it was tapped out then quit paying on them in sept

**AngelinaCatHub** · 03-09-2009, 06:45 PM

Originally posted by justbroke View Post

I don't even feel comfortable attempting to explain to someone how to circumnavigate the system. When the Trustee asks if you paid any insider (relative) any sum of money in the last year... how do you answer?

If you have and don't answer yes, then you may just find out how mean the Trustee can be. They won't go after you... it will be your relatives and friends.

**DebtStinks** · 03-09-2009, 06:46 PM

If you are close on the means test you can trade in the car you own for a slight upgrade so that you have a small payment on it. That would let you take the $489 a month ownership expense. I've also heard of people taking a small loan out (secured by the car) to let them get the deduction. Use the cash from the small loan to buy some that is exempt. Neither of these are illegal.

**uneasy** · 03-09-2009, 06:48 PM

Originally posted by justbroke View Post

I don't even feel comfortable attempting to explain to someone how to circumnavigate the system. When the Trustee asks if you paid any insider (relative) any sum of money in the last year... how do you answer?

If you have and don't answer yes, then you may just find out how mean the Trustee can be. They won't go after you... it will be your relatives and friends.

Could I go into the 341 meeting with the $3,000, tell them what I did, and just hand it over? Does that wipe the slate clean?

**uneasy** · 03-09-2009, 06:50 PM

Yes, I am a free-lancer and I have a meeting with a lawyer next week. I'll definitely talk to him about this. I have had 3 really tough years. In fact, my net income for all three years would put me under the median. I will definitely talk to the lawyer about that next week. Thanks--I really mean that.

**landofpoor** · 03-09-2009, 06:51 PM

Originally posted by uneasy View Post

Could I go into the 341 meeting with the $3,000, tell them what I did, and just hand it over? Does that wipe the slate clean?

how are they really gona know you pd insider unless you used checks?Think that bringing 3k up at 341 would sure be letting them know you have studied on the system somewheres? I dont know just my thoughts

**AngelinaCatHub** · 03-09-2009, 06:51 PM

Originally posted by landofpoor View Post

So in other words I will never be able to file bk seeing what I have done in the past according to my posts?

Without research, I don't know your history. However, time will heal a lot of things. If you did somthing in ignorance (that's not stupidity) and let about three months pass, you can explain. So far from what I have seen, the mistakes I have made, I was gifted with some very kind people who don't even really know me. Not all people are ogres. (I DO know a few who are). 'Hub

**landofpoor** · 03-09-2009, 06:54 PM

Originally posted by AngelinaCatHub View Post

Without research, I don't know your history. However, time will heal a lot of things. If you did somthing in ignorance (that's not stupidity) and let about three months pass, you can explain. So far from what I have seen, the mistakes I have made, I was gifted with some very kind people who don't even really know me. Not all people are ogres. (I DO know a few who are). 'Hub

thanks angelina I hope time will cure things where I am able too

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