We were over the income filers and were just discharged - timely - from our debts.
DEBTS:
~We had an underwater house that we could not sell - nor barter with the servicer - and had rented for a couple of years. It would foreclosure.
~ 2 CC's total about 20k
ASSETS:
~couple motorcycles and cars
~house in the county
INCOME:
~over the area's median by about 800/m...
I spent a lot of time reading here b4 approaching an atty. I COULD have done this pro se, but I had the money and figured a local with experience who knows the players would be of benefit.
At first meeting with atty he thought I should go 13 with near 100% payback. I showed him my expense sheet and explained it and he was willing to try 7. (My atty is the "best in the state" for BK according to a VVIP. I think it is just his motive to give 13s to the Trustee. I also think it is better for their long term balance sheets. Path of least resistance / lowest hanging fruit and all) . But he ultimately did NOT bat an eye when I said try for 7 first.
Until the 341 meeting, I was on these forums hours a days. I wore out the search function looking up previous topics relevant to my case. We had a choice of Exemptions in our state and we went with Federal. We were able to protect 100% of our assets - we gave up the old house. We arrived at a DMI of about $75. When I really scratched my head hard over monthly expenses, it was not hard to get to the magic number: life insurance, taxes, maintenance etc...
After the 341, I almost never thought about our BK again. It was smooth sailing and discharged on time.
Really big props to the regulars on here who contribute so much - so quickly!
Parting advice - really spend time here learning about reasonable legitimate monthly expenses. You'll be suprised. I know it varies by district, but listing income in months leading up to BK is a truly grey area (aside from the obvious income). I've read that some filers had to list 401k disbursements and gifts while others did not. If your grey area income is on the borderline of filing C7 - research that and on your free consults, ask that question right out of the gate....
Hurray to us and Hurray to you.
I am really glad that our country offers us this fresh start. How would entrepreneurs flourish in this country without an escape plan? I read that many foreign nations consult with our bk judges to adapt their system to ours. I think it's totally whack that student debt isn't dischargable for the most part - but other than that, I am proud of our system and proud that I we did it. SOOO much better than drowning.
See ya round like a doughnut.
DEBTS:
~We had an underwater house that we could not sell - nor barter with the servicer - and had rented for a couple of years. It would foreclosure.
~ 2 CC's total about 20k
ASSETS:
~couple motorcycles and cars
~house in the county
INCOME:
~over the area's median by about 800/m...
I spent a lot of time reading here b4 approaching an atty. I COULD have done this pro se, but I had the money and figured a local with experience who knows the players would be of benefit.
At first meeting with atty he thought I should go 13 with near 100% payback. I showed him my expense sheet and explained it and he was willing to try 7. (My atty is the "best in the state" for BK according to a VVIP. I think it is just his motive to give 13s to the Trustee. I also think it is better for their long term balance sheets. Path of least resistance / lowest hanging fruit and all) . But he ultimately did NOT bat an eye when I said try for 7 first.
Until the 341 meeting, I was on these forums hours a days. I wore out the search function looking up previous topics relevant to my case. We had a choice of Exemptions in our state and we went with Federal. We were able to protect 100% of our assets - we gave up the old house. We arrived at a DMI of about $75. When I really scratched my head hard over monthly expenses, it was not hard to get to the magic number: life insurance, taxes, maintenance etc...
After the 341, I almost never thought about our BK again. It was smooth sailing and discharged on time.
Really big props to the regulars on here who contribute so much - so quickly!
Parting advice - really spend time here learning about reasonable legitimate monthly expenses. You'll be suprised. I know it varies by district, but listing income in months leading up to BK is a truly grey area (aside from the obvious income). I've read that some filers had to list 401k disbursements and gifts while others did not. If your grey area income is on the borderline of filing C7 - research that and on your free consults, ask that question right out of the gate....
Hurray to us and Hurray to you.
I am really glad that our country offers us this fresh start. How would entrepreneurs flourish in this country without an escape plan? I read that many foreign nations consult with our bk judges to adapt their system to ours. I think it's totally whack that student debt isn't dischargable for the most part - but other than that, I am proud of our system and proud that I we did it. SOOO much better than drowning.
See ya round like a doughnut.
There's nothing like a Discharge in the middle of the week!! I hope you will stick around to give moral support to the newbies. 
Report of No Distribution!! 12/14/10
Received UST Presumption of Abuse!! 12/15/10
UST states Dismissal is Inappropriate! DISHARGED!! 2/22/11
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