I am starting out as a newbie and started to do the means test online that I got from some helpful members of this great forum.
All info pertain to 6 mths before filing so let's say i plan to file early to mid august this year.I have been unemployed for more than 2 yrs, exisiting on savings. some monies from the Heloc taken out in 2006 and the 50k i took out from my 401K in early 2008. I plan on foreclosing on both 1st and Heloc and including that in Ch 7 in CA
Questions:
1)If the income amount is from the last 6 mths, I would have zero. I am still using the 50K fr the 401K so does that count as income?? (I don't think so, but someone please tell me)
2)I stopped paying the first and Heloc in Feb, but I still have to put mortgage amounts in the means test??(single unmarried with one cat no kids)
3) What about property tax, house insurance of which I have stopped paying but do i have to put it down on the means test too?
4) If my family gave/loan me money (no replayment), do I have to put that down too? (I would think not, but please tell me)
5) I stopped paying CC minimums (not all at once, the last CCpaid was April and last use of CC May 18th , hence the 70 day wait till august.)Do I have to put the amounts i paid towards the cards on the means test?
6) Someone mentioned pets.Where does that go under the means test??
)
Any tips on the means test for Ch 7 would be greatly appreciated.I need help !!!
What is the criteria for passing the means test for CH 7 in CA, anyone know that?
I am planning ahead, since I may file pro se or retain an attorney.(cos of foreclosure i may need an attorney to include that in the BK) I am doing this so i would have everything in order when i go talk to an attorney next week so I do need help, guys!!
Thank you one and all!(now do I sound like Tiny Tim in "Scrooge" oops I mean "A Christmas Carol" :-0
All info pertain to 6 mths before filing so let's say i plan to file early to mid august this year.I have been unemployed for more than 2 yrs, exisiting on savings. some monies from the Heloc taken out in 2006 and the 50k i took out from my 401K in early 2008. I plan on foreclosing on both 1st and Heloc and including that in Ch 7 in CA
Questions:
1)If the income amount is from the last 6 mths, I would have zero. I am still using the 50K fr the 401K so does that count as income?? (I don't think so, but someone please tell me)
2)I stopped paying the first and Heloc in Feb, but I still have to put mortgage amounts in the means test??(single unmarried with one cat no kids)
3) What about property tax, house insurance of which I have stopped paying but do i have to put it down on the means test too?
4) If my family gave/loan me money (no replayment), do I have to put that down too? (I would think not, but please tell me)
5) I stopped paying CC minimums (not all at once, the last CCpaid was April and last use of CC May 18th , hence the 70 day wait till august.)Do I have to put the amounts i paid towards the cards on the means test?
6) Someone mentioned pets.Where does that go under the means test??
)Any tips on the means test for Ch 7 would be greatly appreciated.I need help !!!
What is the criteria for passing the means test for CH 7 in CA, anyone know that?
I am planning ahead, since I may file pro se or retain an attorney.(cos of foreclosure i may need an attorney to include that in the BK) I am doing this so i would have everything in order when i go talk to an attorney next week so I do need help, guys!!
Thank you one and all!(now do I sound like Tiny Tim in "Scrooge" oops I mean "A Christmas Carol" :-0