I've been browsing this forum a lot and I've read many thing about BK, mainly how good it is after it has been discharged 
To put it short, I'm 20 with a judgement against me for 25k, some collection agencies totaling $10k. All dis-chargeable, as they were neither fraud and no malicious intent was involved.
Not really a great way to start out life. I figured might as well file BK because I'm going to be in College for the next 4 years.
I landed a temp job a couple months ago making about 2k a month after taxes. My expenses are about $1550 a month, but most of that goes to my mom for rent, food and whatever else while $250 is going towards the judgment. So I have about $450 extra a month. I'm still working there, and will be until summer, then my income falls to $0 because of school
Looking online, it looks like I fall below the median of $3750. I've read conflicting things saying even if I fall below the median, I still gotta take the means test, which means I flunk and get ch13 which is less than ideal when my income becomes $0
Not to mention, the trustee can rule that payments to my mother for rent are preferential, and go after my mom.
My question is, do you have to take the means test even if you are below the median income level?
I also just recently applied for Federal Student Aid, since I made $4k last year and my EFC is 0, I should be eligible for at least a loan. From this site, a ch7 case is about 5 months from start -> discharge of the case. If my student loans gets disbursed to me or whatever, will the trustee seize that in the middle of the case?
Can I claim my 1900$ computer as "tools of trade" since I am a contracted PC Tech? I haven't done any work for them since this temp job, but will return after I go back to school.
Another question, do they watch you after you've been discharged? as it is right now, I own nothing worth anything except my laptop and TV. A friend of mine has a car worth about 5k that I want to buy. He has agreeded to sign the car over once I make 5 months ($500/month payments) worth of payments and I can pay him the rest. Will the trustee or whatever see this and try and seize the car or reverse the discharge? I don't have the car, and haven't payed anything, so I'm not hiding it under someone elses name, just waiting to purchase. If not, I'm gonna try to qualify for a regular loan afterward.
Sorry to keep adding on, but I was going through other threads, and it said the trustee wanted 6 months of bank records.
I just opened a new account after not having a bank for so long. They closed my accounts because of overdraft fees over a year ago. Since then, the checks I've recieved get cashed by a check cashing place and I just spend the cash minus the judgement payments which are Money Order. Am I not allowed to file BK without banking records?
Sorry for writing a novel, but I'm just trying to get my life in order. Thanks for any help!
To put it short, I'm 20 with a judgement against me for 25k, some collection agencies totaling $10k. All dis-chargeable, as they were neither fraud and no malicious intent was involved.
Not really a great way to start out life. I figured might as well file BK because I'm going to be in College for the next 4 years.
I landed a temp job a couple months ago making about 2k a month after taxes. My expenses are about $1550 a month, but most of that goes to my mom for rent, food and whatever else while $250 is going towards the judgment. So I have about $450 extra a month. I'm still working there, and will be until summer, then my income falls to $0 because of school
Looking online, it looks like I fall below the median of $3750. I've read conflicting things saying even if I fall below the median, I still gotta take the means test, which means I flunk and get ch13 which is less than ideal when my income becomes $0
Not to mention, the trustee can rule that payments to my mother for rent are preferential, and go after my mom.
My question is, do you have to take the means test even if you are below the median income level?
I also just recently applied for Federal Student Aid, since I made $4k last year and my EFC is 0, I should be eligible for at least a loan. From this site, a ch7 case is about 5 months from start -> discharge of the case. If my student loans gets disbursed to me or whatever, will the trustee seize that in the middle of the case?
Can I claim my 1900$ computer as "tools of trade" since I am a contracted PC Tech? I haven't done any work for them since this temp job, but will return after I go back to school.
Another question, do they watch you after you've been discharged? as it is right now, I own nothing worth anything except my laptop and TV. A friend of mine has a car worth about 5k that I want to buy. He has agreeded to sign the car over once I make 5 months ($500/month payments) worth of payments and I can pay him the rest. Will the trustee or whatever see this and try and seize the car or reverse the discharge? I don't have the car, and haven't payed anything, so I'm not hiding it under someone elses name, just waiting to purchase. If not, I'm gonna try to qualify for a regular loan afterward.
Sorry to keep adding on, but I was going through other threads, and it said the trustee wanted 6 months of bank records.
I just opened a new account after not having a bank for so long. They closed my accounts because of overdraft fees over a year ago. Since then, the checks I've recieved get cashed by a check cashing place and I just spend the cash minus the judgement payments which are Money Order. Am I not allowed to file BK without banking records?
Sorry for writing a novel, but I'm just trying to get my life in order. Thanks for any help!
....) Tax returns are no problem, I have all of them back to when I was 16.
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