Hi all.
I just had my pre-BK credit counseling. The woman was over-the-top chipper and polite as can be; however, I think some of her knowledge may be not the most current information. Specifically, she was referring to my Food expense and how it was over the limit. It is not much under the allowed but it is under. She said I would have to justify to the trustee the high expense for food, especially since my income minus my expenses leaves me in the negative. Or I would have to reduce some other expense to allow for the high food expense. She said the trustee would be paying attention to whether or not my budget would balance out. I don't know if she is just saying this stuff to get everything to balance out without a negative....
The income I used to do the credit counseling was based on the last 60 days, as they had requested. If taken for 6 months, my income worked out about $200 more each month, and I "break even" with my expenses (maybe $10 or so dollars left over).
I mean, I could decrease the number and still have no disposable income, but what I have down is my average expense.
I guess my question is...does she have me freaking out over nothing?
Thanks,
JAG
I just had my pre-BK credit counseling. The woman was over-the-top chipper and polite as can be; however, I think some of her knowledge may be not the most current information. Specifically, she was referring to my Food expense and how it was over the limit. It is not much under the allowed but it is under. She said I would have to justify to the trustee the high expense for food, especially since my income minus my expenses leaves me in the negative. Or I would have to reduce some other expense to allow for the high food expense. She said the trustee would be paying attention to whether or not my budget would balance out. I don't know if she is just saying this stuff to get everything to balance out without a negative....
The income I used to do the credit counseling was based on the last 60 days, as they had requested. If taken for 6 months, my income worked out about $200 more each month, and I "break even" with my expenses (maybe $10 or so dollars left over).
I mean, I could decrease the number and still have no disposable income, but what I have down is my average expense.
I guess my question is...does she have me freaking out over nothing?
Thanks,
JAG
Bankruptcy Wizard
Comment