Hi,
I am a little nervous. Meeting with an attorney tomorrow to discuss possible Bk, Ch 7. When my husband and I met with a different attorney about 18 months ago, he said because of my income (when I worked full-time) would be Ch 13 at 100%, so we went debt counseling instead. Anyway, at that time I had run some numbers on the Nolo means test calculator, which showed we passed because of our debt. Now, our income is lower starting last month (as I went part-time as I'm in grad school full-time), and when I average out 4 or 5 months with the higher income, with our debt we pass the means test. With my new income 6 months out - we pass means on income alone.
Anyway - if this new attorney "blows off" and doesn't even discuss Ch 7, can we insist he look at the nolo calculations we did online or at least have him do full means test?
The reason we are filing is we have a 2nd home in another part of the state that we are losing on and it will probably go into foreclosure at some point and we want protected.
Our monthly income now (including VA disability) is $5212, without VA income it is $4148 approximately the means income for Indiana is $4,190. Our total unsecured debt when we signed up with credit counseling Oct/Nov 2009 was $48,730. It probably is not much less than that now (haven't figured it yet) - we pay them $435 every other week along with other debts that were not included with debt counseling.
I am just so nervous about doing this, although I am starting to feel a sense of relief and hope for future. We are both 53 and while my husband has his retirement all in place, I have never been able to save for retirement, etc. It is so scary.
I am a little nervous. Meeting with an attorney tomorrow to discuss possible Bk, Ch 7. When my husband and I met with a different attorney about 18 months ago, he said because of my income (when I worked full-time) would be Ch 13 at 100%, so we went debt counseling instead. Anyway, at that time I had run some numbers on the Nolo means test calculator, which showed we passed because of our debt. Now, our income is lower starting last month (as I went part-time as I'm in grad school full-time), and when I average out 4 or 5 months with the higher income, with our debt we pass the means test. With my new income 6 months out - we pass means on income alone.
Anyway - if this new attorney "blows off" and doesn't even discuss Ch 7, can we insist he look at the nolo calculations we did online or at least have him do full means test?
The reason we are filing is we have a 2nd home in another part of the state that we are losing on and it will probably go into foreclosure at some point and we want protected.
Our monthly income now (including VA disability) is $5212, without VA income it is $4148 approximately the means income for Indiana is $4,190. Our total unsecured debt when we signed up with credit counseling Oct/Nov 2009 was $48,730. It probably is not much less than that now (haven't figured it yet) - we pay them $435 every other week along with other debts that were not included with debt counseling.
I am just so nervous about doing this, although I am starting to feel a sense of relief and hope for future. We are both 53 and while my husband has his retirement all in place, I have never been able to save for retirement, etc. It is so scary.
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