I'm trying to finally wrap up my paperwork so that I can file my Chapter 7 (Chapter 13 dismissed for lack of adherence to payment plan early this year) in early August.
I'm below the median income for a single-person family and am unemployed and receiving unemployment benefits.
I'm not really sure of what the goal is for me on filling in my expenses. Since I'm unemployed, I can't afford health insurance, I'm not seeing doctors, my car needs work. Basically, if I could afford more expenses, I'd have them.
I shouldn't list them since I don't, but I can add a note saying that I expect to have to start paying for these things.
When I list amounts for all line items that I am now paying on, I'm over my unemployment insurance income by $150 monthly on paper.
But, in reality, my true expenses would be higher.
About changes to my income, in the field asking what increase or decrease I will reasonably see to my income, I've put only that my unemployment benefits are expiring in August and that I do not know whether I will get an extension. Of course, if I get a job that pays well, I will make more money but I'm not supposed to be predicting the future in a rotten economy, am I?
I understand that what they may be trying to figure out is whether there is enough excess income to force someone into going Chapter 13. Even with expenditures approximated at only $150 more than monthly income, I suppose I'm okay there.
Anyway, does this seem reasonable? For someone who is living on unemployment and foregoing things like health insurance and car repairs to get by, is that the kind of balance between "income" and expenditures that a trustee wants to see on the Schedule I? Do I end up being penalized for not being able to afford reasonable expenses like health insurance, medical costs and car repairs at the present time?
Thanks.
I'm below the median income for a single-person family and am unemployed and receiving unemployment benefits.
I'm not really sure of what the goal is for me on filling in my expenses. Since I'm unemployed, I can't afford health insurance, I'm not seeing doctors, my car needs work. Basically, if I could afford more expenses, I'd have them.
I shouldn't list them since I don't, but I can add a note saying that I expect to have to start paying for these things.
When I list amounts for all line items that I am now paying on, I'm over my unemployment insurance income by $150 monthly on paper.
But, in reality, my true expenses would be higher.
About changes to my income, in the field asking what increase or decrease I will reasonably see to my income, I've put only that my unemployment benefits are expiring in August and that I do not know whether I will get an extension. Of course, if I get a job that pays well, I will make more money but I'm not supposed to be predicting the future in a rotten economy, am I?
I understand that what they may be trying to figure out is whether there is enough excess income to force someone into going Chapter 13. Even with expenditures approximated at only $150 more than monthly income, I suppose I'm okay there.
Anyway, does this seem reasonable? For someone who is living on unemployment and foregoing things like health insurance and car repairs to get by, is that the kind of balance between "income" and expenditures that a trustee wants to see on the Schedule I? Do I end up being penalized for not being able to afford reasonable expenses like health insurance, medical costs and car repairs at the present time?
Thanks.
341 on 10/20
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