file now or wait - what would you do?

[mtbc]

For instance, from http://www.agonist.org/Questions-Ans...ruptcy-933.php --

If the difference between the bottom line of schedule I and J is a negative you are clearly a chapter 7.

It's these sorts of things that make me wonder where you heard that they won't allow it to be negative -- I'd never heard that before.

Edited to add: Ah, right, yes, Chapter 13 can be different in weird ways. I don't know much about it.

[momofthree]

For instance, from http://www.agonist.org/Questions-Ans...ruptcy-933.php --

It's these sorts of things that make me wonder where you heard that they won't allow it to be negative -- I'd never heard that before.

Edited to add: Ah, right, yes, Chapter 13 can be different in weird ways. I don't know much about it.

Just ignore me. Although I'm in a 13, I can't help but lurk on the 7 board.

Our attorney actually had to cut back our expenses to allow room for the chapter 13 payment because we were in the negative, and that isn't allowed in a 13 repayment plan. Obviously it is allowed in a chapter 7.

Sorry for the misinformation.

[mtbc]

No problem, a bit of 7/13 cross-talk is quite usual on these forums! I'm sometimes wrong about things too. (-:

[BCA2009]

I had read that on board several times about not wanting to be negative on the I& J, but it really didn't make sense to me. We were over 900 negative on schedule J and had no problems.

What is the trustee gonna do, say sorry you are too poor to file chap 7?

I do understand it on the Chap 13 plans, as it has to be a workable plan.

i definitely would submit a plan that was negative to some degree, just to give you a cushion, assuming you can come up with legitimate expenses. For the categories that have IRS standards, always put at least the IRS standard amount. You may have been getting by on less in the past because you had too. But you are expected to spend at least what that IRS amount is.