I have a few questions.
My wife bailed a year ago and took my son to NC. I stayed in MA and am coming out of the divorce with 60k in credit card debt. I have no secured debt. I see no realistic way to pay this off while paying child support, hence filing. I am over median. I do have a $500/month 401k loan for the next 4 years.
My son is supposed to come to visit me 2-3 times a year (per separation agreement) and I'm on the hook for costs. Is listing $75 to $100 a month for travel costs reasonable? He's 13, so having him fly is expensive, with 'Unaccompanied minor' fees and/or needing direct flights. (lawyer: "maybe.") If allowable, I assume this would be an "Additional Expense Claim"?
Next, the Additional Expense Claims are listed after the totals on the B22A (and C). I have the $200 'old car' expense listed there also. How are these accounted for? They would drop me to about $70 / month disposable on the B22A and quite negative on the C.
Schedules I and J come out slightly negative using what I think are reasonable, reality based values, of course including the 401k loan. I'm hoping this leads to a Chap 7, but the lawyer isn't making me feel too good about it. I have no other reason to be in a 13, no non-exempt property, no secured debts.
This is more a comment than anything, but why is "only on credit report for 7 years" listed as an advantage of chapter 13? Seems to me it's either 10 or 12, if you start the clock at the beginning.
My wife bailed a year ago and took my son to NC. I stayed in MA and am coming out of the divorce with 60k in credit card debt. I have no secured debt. I see no realistic way to pay this off while paying child support, hence filing. I am over median. I do have a $500/month 401k loan for the next 4 years.
My son is supposed to come to visit me 2-3 times a year (per separation agreement) and I'm on the hook for costs. Is listing $75 to $100 a month for travel costs reasonable? He's 13, so having him fly is expensive, with 'Unaccompanied minor' fees and/or needing direct flights. (lawyer: "maybe.") If allowable, I assume this would be an "Additional Expense Claim"?
Next, the Additional Expense Claims are listed after the totals on the B22A (and C). I have the $200 'old car' expense listed there also. How are these accounted for? They would drop me to about $70 / month disposable on the B22A and quite negative on the C.
Schedules I and J come out slightly negative using what I think are reasonable, reality based values, of course including the 401k loan. I'm hoping this leads to a Chap 7, but the lawyer isn't making me feel too good about it. I have no other reason to be in a 13, no non-exempt property, no secured debts.
This is more a comment than anything, but why is "only on credit report for 7 years" listed as an advantage of chapter 13? Seems to me it's either 10 or 12, if you start the clock at the beginning.
Comment