My situation:
I am currently paid an hourly wage that would make my annual gross income approximately $125k if I were to work 40hrs/week. The median income for a family of 5, in my state, is about ($92k annually).
My wife is pregnant & has been having problems that have required that I be at home quite a bit (taking care of her & our children). I've been taking unpaid family medical leave for this time. This will continue until June/July, possibly longer. Because of this, my 6-month income will easily be under the median income level (I'm estimating around $42-43k 6-month average).
As I've posted in my other threads, we're in WAY deep and bankruptcy is the only answer at this point. We're behind in our mortgage payments, our house is 175k upside-down, we owe 85k in CCs, 100k in student loans, etc.
What problems do you forsee, if any, with my income situation? I'm guessing there will be no change in my income before/after the 341.
-AA
I am currently paid an hourly wage that would make my annual gross income approximately $125k if I were to work 40hrs/week. The median income for a family of 5, in my state, is about ($92k annually).
My wife is pregnant & has been having problems that have required that I be at home quite a bit (taking care of her & our children). I've been taking unpaid family medical leave for this time. This will continue until June/July, possibly longer. Because of this, my 6-month income will easily be under the median income level (I'm estimating around $42-43k 6-month average).
As I've posted in my other threads, we're in WAY deep and bankruptcy is the only answer at this point. We're behind in our mortgage payments, our house is 175k upside-down, we owe 85k in CCs, 100k in student loans, etc.
What problems do you forsee, if any, with my income situation? I'm guessing there will be no change in my income before/after the 341.
-AA
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