credit card interest increases

[SinkingFast]

We wouldn't even be able to copy the checks from our old acct. The bank would have to provide us with copies from microfilm, I think it was.

Seems to me, years ago, if you needed more than 1 or 2 checks copied, the bank charged $1 to $2 per check you got copied.

And of course, we don't have all our old CC statements. Like the Creditors would give those to us now anyways. The Court would have to subpeona those.

UGH!

[aa06a47]

The thing that was really bad about it, was all the docs they wanted -- they wanted them for BOTH our personal finances AND our business!

One nice thing was that the biz checking accounts, the bank doesn't return the checks, but they include copies of them, really tiny, like 20 per page, so they were easy to copy and hopefully shall help the Trustee go blind!

Say, I have a question -- I've noticed people here say many times that the Trustee is looking for money to line his/her own pockets? How is the possible? Aren't Trustee's just emoployees of the Dept. of Justice getting paid a salary? How do they make money on BK's?

I am surprised they wanted your personal finances for that long, but business is a different story. I have like 4 months of credit card bills, and like sinking fast said, I doubt the credit card companies will want to give that information to me if I called and asked them to.

Trustee is a lawyer in a nut shell. That trustee fee that gets deducted is what they get paid. That money is used to pay the cost of administering the plan. I am sure they get a certain percent of that amount for there pocket.

[aa06a47]

We don't even wanna go there Wenderful.

I've found out that we are probably gonna have trouble getting thru the Court ourselves.

Hubby makes a tad over $70K/year. Evidently $70K in income is some sort of bench mark with the BK Court.

And, we have nearly $120K of unsecured CC debt. "Excessive" unsecured debt is another bench mark for the Court.

I'd read comments to that effect at other websites. Then I saw it in the update of the Tactical BK Manual here as well.

Talk about double whammy!.

I'll be "the "bench mark" with you sinkingfast. Same situtation, except 30K more in unsecured debt. If BK was for the person who only owes 20K, then how did Donald Trump get it in 1992...other famous people all over filing. While I feel there will be more objections to our cases from pissed off credit card companies, I really feel that the court will give us the discharge we need. Can they really say, Aa has too much debt to file BK, while Sinkingfast is just at the numbers we like to see?

The only way I see they can do that is if they think we committed fraud. I know I have not, all charges I believed I could pay off. Now, I know that is unrealistic, but at the time, it didn't seem so in my brain.

[SinkingFast]

Trustee is a lawyer in a nut shell. That trustee fee that gets deducted is what they get paid. That money is used to pay the cost of administering the plan. I am sure they get a certain percent of that amount for there pocket.

Standing or Panel Trustees don't have to be attnys. Most are, but some are CPA's and other professions as well.

They have to be bondable. Local Trustees oversee HUGE amounts of assets. Candidates apply for a position as openings occur. Even tho they aren't Federal employees, technically, they are held to the same standards. All Trustees receive training in BK Law.

The US Trustees program is "self supporting". Yepper. The plan administration fees support the program. What part lines the local Trustee's pocket, and what part is passed on up the chain, heavens only knows. But Taxpayers, as a whole, do not pay to support the BK system. BK Filers get the priviledge of paying to bail themselves outa the financial jams they landed themselves in.