So we keep pushing back our filing date b/c my husband hasn't made any money in several months and we have to be current on mortgage before we file (last mortgage payment made was August). (commission only job - mortgage industry...ugh)
So I think is it worth keeping house or should I just let it go? Doesn't matter because without my 2,500 mortgage payment, I don't qualify on the means test.
Then, I realize, because we are delaying filing, one of my cars will be paid in full by the time we file. meaning, I cannot deduct the $489 ownership amount for that loan so again...I can't qualify. So we are trying to get a car loan before hand...ha ha ha..our scores have plumeted and the only way they will accept us is if our mortgage is current.
I would fail the means test either way. Nevermind that even without those expenses, I still don't have enough disposable income to pay the unsecured debit (credit card) minimum monthly payments especially now that we've defaulted on our accounts and our rates are jacked up.
it just seems like they don't look at the totality of the situation. My husband is going to make about 40% of his 2008 income this year.
And, now I'm worried about being sued by the credit card companies (Capital One and Chase) -- stopped paying in June/July. *Hope* to file in March. I don't know the process, but I would be mortified if they sue me and work had to start wage garnishments before we can file.
Am I missing something here? Just having a bad day, I suppose. And thought maybe -- just maybe -- I'm not thinking things through and we would be able to file w/o that mortgage payment and/or car payment.
Thanks for listening and if you have any suggestions/input.
So I think is it worth keeping house or should I just let it go? Doesn't matter because without my 2,500 mortgage payment, I don't qualify on the means test.
Then, I realize, because we are delaying filing, one of my cars will be paid in full by the time we file. meaning, I cannot deduct the $489 ownership amount for that loan so again...I can't qualify. So we are trying to get a car loan before hand...ha ha ha..our scores have plumeted and the only way they will accept us is if our mortgage is current.
I would fail the means test either way. Nevermind that even without those expenses, I still don't have enough disposable income to pay the unsecured debit (credit card) minimum monthly payments especially now that we've defaulted on our accounts and our rates are jacked up.
it just seems like they don't look at the totality of the situation. My husband is going to make about 40% of his 2008 income this year.
And, now I'm worried about being sued by the credit card companies (Capital One and Chase) -- stopped paying in June/July. *Hope* to file in March. I don't know the process, but I would be mortified if they sue me and work had to start wage garnishments before we can file.
Am I missing something here? Just having a bad day, I suppose. And thought maybe -- just maybe -- I'm not thinking things through and we would be able to file w/o that mortgage payment and/or car payment.
Thanks for listening and if you have any suggestions/input.
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