ok quick question. We went to a meeting of our creditors a couple of weeks ago. My husband and his brother started their own construction company a few years ago (in south florida) Guess why I am in CH7. ANyway, their father (who is also a builder) gave them some start up money , very legal, (attorney /CPA paperwork) my husband has been paying him back quarterly for a couple of years since the start of the company.
So one of the payments was made last August when all of our bills were on time and the trustee sent his dad a letter asking for the money back. At the same time We also paid off lots of credit cards, car loan , and medical bills. We were going through our emergency funds , working OT, to try not to be in CH7. Will she ask for money back from the hospital,cc, and Honda? I don't think so ! So we are talking about 12k here. Now we have had our CPA prepare our 2009 taxes because we have had about a 150k loss and overpaid our taxes by 13k (I think she is going to try to freeze this) She asked for a copy of the 2009 tax return at 341 meeting. We have only filed the extension.
Thats 25k to creditors...pretty much all the credit cards we had filed on. Plus we are going to have to pay his dad back again. We are wondering if we should ask for a dismissal? We still have a 250k Mortgage outstanding that will go into foreclosure that also has PMI. We are in Florida.
So one of the payments was made last August when all of our bills were on time and the trustee sent his dad a letter asking for the money back. At the same time We also paid off lots of credit cards, car loan , and medical bills. We were going through our emergency funds , working OT, to try not to be in CH7. Will she ask for money back from the hospital,cc, and Honda? I don't think so ! So we are talking about 12k here. Now we have had our CPA prepare our 2009 taxes because we have had about a 150k loss and overpaid our taxes by 13k (I think she is going to try to freeze this) She asked for a copy of the 2009 tax return at 341 meeting. We have only filed the extension.
Thats 25k to creditors...pretty much all the credit cards we had filed on. Plus we are going to have to pay his dad back again. We are wondering if we should ask for a dismissal? We still have a 250k Mortgage outstanding that will go into foreclosure that also has PMI. We are in Florida.
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