New - filing Chapter 7 next week
My dh and I have been running from this as long as we can and we can't run anymore. We entered a CCCS DMP program last July and now cannot make the payments. We owe over $20K on credit cards, over $75K on our house and another $45-$50K on student loans. I know the student loans won't go away, but without the DMP payments maybe we can make some leeway. We also owe all of this on a $25,000 annual salary. Yes, $25K income with over $100K in debt. We were very, very stupid. The salary is primarily my dh.
We have spoken to an attorney and we plan to file within the next two weeks. I do have a couple of questions, though. I have looked through the stickies and done a search and can't really find any answers.
I've seen people talk about the 6 months of previous income. Our attorney said 60 days, but I'm going back 90 days and keeping track of all future income. Did the requirement change?
I have been self-employed in a service business for just over 4 years and my income is very up and down. I am currently gathering invoices, printouts, and payment information from March through today as I don't have paystubs. Would those suffice?
I am starting a new job next week as well with the Post Office. I'll be a temp worker delivering mail on Saturdays and when the regular carrier needs a day off. I have been looking at purchasing an abandoned vehicle from my father's auto shop to use in that job instead of using my primary vehicle and I would only have to pay him the expenses he has in the vehicle such as towing and storage. I would have to make payments on the vehicle, though, so how would that work out? I would pay my father directly.
We are going to let our house go. We are about $12K upside down according to the tax records. Our plan is to move to a new city in a new state. Dh already has a job application in there - family lives there - and he's been told it may take about 4 months to get hired. Regardless of if he gets that particular job, we do still plan to continue to apply for jobs in that area and eventually move. Our plan is to live in the house as long as possible and then move in with my parents after that until we can actually move to the new state. How will that affect the bankruptcy regarding state law? We'll be moving from Georgia to Alabama.
And finally, is there a sticky I missed somewhere showing the process step by step?
Thanks.
C from GA
We have spoken to an attorney and we plan to file within the next two weeks. I do have a couple of questions, though. I have looked through the stickies and done a search and can't really find any answers.
I've seen people talk about the 6 months of previous income. Our attorney said 60 days, but I'm going back 90 days and keeping track of all future income. Did the requirement change?
I have been self-employed in a service business for just over 4 years and my income is very up and down. I am currently gathering invoices, printouts, and payment information from March through today as I don't have paystubs. Would those suffice?
I am starting a new job next week as well with the Post Office. I'll be a temp worker delivering mail on Saturdays and when the regular carrier needs a day off. I have been looking at purchasing an abandoned vehicle from my father's auto shop to use in that job instead of using my primary vehicle and I would only have to pay him the expenses he has in the vehicle such as towing and storage. I would have to make payments on the vehicle, though, so how would that work out? I would pay my father directly.
We are going to let our house go. We are about $12K upside down according to the tax records. Our plan is to move to a new city in a new state. Dh already has a job application in there - family lives there - and he's been told it may take about 4 months to get hired. Regardless of if he gets that particular job, we do still plan to continue to apply for jobs in that area and eventually move. Our plan is to live in the house as long as possible and then move in with my parents after that until we can actually move to the new state. How will that affect the bankruptcy regarding state law? We'll be moving from Georgia to Alabama.
And finally, is there a sticky I missed somewhere showing the process step by step?
Thanks.
C from GA
Bankruptcy Wizard
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