My attorney prepared and filed the Schedule J . He only allowed 275.00 for food for a family of 5, zero for clothing, and he cut my medical expenses and utilitities in half, you get the picture. I didn't balk at the numbers at the time because I just didn't know any better.
I believe he did this to get the payments to something reasonable, $1250.00. We failed the means test, so we should have qualified for a 36 month plan, but he set it at 47 months to cover the secured and prority claims, with nothing to the 23K unsecured debt. Now, according to NDC, we are set for 60 months.
We are raising our grandchildren, who we have adopted, and they are small children who out grow their clothes twice a year. I can't live on the budget that he proposed, it doesn't even come close to the measly IRS standards. I have receipts for every expense we incur.
For what it is worth, a large portion of my secured debt is for a corporate business asset that we had to personally guarantee and he told me we could include it to reduce the monthly payment on it. The rest of the secured debt is mortgage arrears and the priority is tax debt for the business.
Sixty months with no clothes for the kids, 125.00 for electric would not allow my to turn on my A/C in the summer or the heat in the winter and we would be eating nothing but PB&J. What can I do to restore my budget to something liveable? My 341 meeting is 11 days from now.
Oh and one more question, I filed alone and my husband also has some CC debt and there is nothing in the budget to pay his CC payments. Is it supposed to work that way?
I believe he did this to get the payments to something reasonable, $1250.00. We failed the means test, so we should have qualified for a 36 month plan, but he set it at 47 months to cover the secured and prority claims, with nothing to the 23K unsecured debt. Now, according to NDC, we are set for 60 months.
We are raising our grandchildren, who we have adopted, and they are small children who out grow their clothes twice a year. I can't live on the budget that he proposed, it doesn't even come close to the measly IRS standards. I have receipts for every expense we incur.
For what it is worth, a large portion of my secured debt is for a corporate business asset that we had to personally guarantee and he told me we could include it to reduce the monthly payment on it. The rest of the secured debt is mortgage arrears and the priority is tax debt for the business.
Sixty months with no clothes for the kids, 125.00 for electric would not allow my to turn on my A/C in the summer or the heat in the winter and we would be eating nothing but PB&J. What can I do to restore my budget to something liveable? My 341 meeting is 11 days from now.
Oh and one more question, I filed alone and my husband also has some CC debt and there is nothing in the budget to pay his CC payments. Is it supposed to work that way?
during the recorded meeting with the trustee's rep. I had just told this guy before the meeting that the income on Schedule I was understated because the attorney used the wrong figures for the income, among other errors in the petition. I was worried about fraud and he's excited about a potential lawsuit for violating the stay....BFD (I'm in bankruptcy, so what if there's a suit, I doubt I get nada, I filed bankruptcy, anything I won would go to unsecured) BTW, if they repo this asset, we are out of business and no body gets paid including the attorney beucase I get dismissed, I lose my house and everything else. The good thing is I would have no phone for any creditor to call and no address for letters to be sent to.
Comment