341 today

[Annie4]

Oh dear! Ok...I won't be nervous, but that should be easy to explain, we need power and yes we will have to keep paying that.

The only reason I re-affirmed instead of just wiping that amount out, is because for us it would honestly be the same amount either way. Had I known there would need to be another Hearing I wouldn't have done that because I feel like that's wasting the Judge's time.

What's your guess on what the Judge will be saying/asking us?

I wonder if we should change our minds and go with the deposit instead now? That would be a challenge for me, to see if I CAN actually go 12 months paying on time and get that $450 back to do something else with? Hmmmm....now I'm curious and ready for this Hearing.

Things moved so fast this morning, but if I get the chance, I think I will do that.

[justbroke]

What's your guess on what the Judge will be saying/asking us?

I really don't know. Some Judges won't even approve re-affirmations as they feel they are never in the Debtor's best interest. Some even pride themselves with denying them.

I wonder if we should change our minds and go with the deposit instead now? That would be a challenge for me, to see if I CAN actually go 12 months paying on time and get that $450 back to do something else with? Hmmmm....now I'm curious and ready for this Hearing.

Well, just go to the hearing and see what happens.

Be happy that your 341 Meeting is concluded and you're on your way to a fresh start.

[Annie4]

Agreed!

I guess it probably takes a day or so to set a Hearing and get it posted on there?

I'll be watching for the notice.

[walkthaplank]

Annie, do you already have a security deposit with the electric company? Keep this in mind, if you don't have a deposit with them, they may still go back and ask for a deposit once this is all done. I can almost guarantee that the utility is able to charge you a deposit if you do not pay your bills "in a timely fashion" (on time and in full each and every month). Was there a payment arrangement spelling out how much you need to pay monthly on the past due balance on the reaffirmation agreement?

Usually they don't hit you with a deposit until they have sent out so many disconnection notices, they usually send you a warning too. BUT now you are on their radar.

I would check with your state's public utilities regulatory agency and ask them if this is possible.

[Annie4]

Annie, do you already have a security deposit with the electric company?

Well we've been here alot of years and I honestly can't remember, but I'm sure we did give a deposit. However, I'm sure we lost it the first year because the way my husband gets paid, we're usually late every third month.

Was there a payment arrangement spelling out how much you need to pay monthly on the past due balance on the reaffirmation agreement?

Not that I saw, but I will go look on pacer again. To view all the papers from the power co it was less than $1.

Usually they don't hit you with a deposit until they have sent out so many disconnection notices, they usually send you a warning too. BUT now you are on their radar.

I guess they can't get a deposit now, since we didn't wipe that past out, but like I said before, it probably would even out to be about the same. I CAN say that for months they would accept $20 and $50 payments if that's all we had. The woman who works there has a son who works where my husband does and she has been very, very understanding through this whole thing. Maybe our account will go back to her instead of staying in the bankruptcy dept? I'm thinking that'll be what happens?

I would check with your state's public utilities regulatory agency and ask them if this is possible.

Ok, I will look that up, thank you so much!

[walkthaplank]

You should never lose your deposit, it will just be applied against any closing balance due. If you haven't been paying your bill in a "timely manner" all of this time, they probably are still holding any deposit you made.

I know how these things work in California, but not where you are. Stuff like this can differ, but I don't see it varying too wildly from state to state.