Greetings all,
For those in the know.....
Explain the effects of unemployment insurance on the median income hurdle....this for BK7....
If I do not collect unemployment, I would be under the median income very shortly, living off my military pension and disability. Not much money, but I can still pay for my home, eat noodles and hunker down....
If I collect unemployment (at the maximum rate available which they claim I'm qualified for), I won't be even be close to paying my creditors but I would be able to job search far more effectively.
It would take longer to quailfy for a BK7 (no abuse check) though.
I'm assuming the trustee would include umemployment in the income calculations...in fact I believe its on the worksheet....
What's your advice/ experience on this?
If I petition for BK7 and unemployment insurance takes me over the median income, is this grounds for assuming abuse?
Thanks again,
CPO
For those in the know.....
Explain the effects of unemployment insurance on the median income hurdle....this for BK7....
If I do not collect unemployment, I would be under the median income very shortly, living off my military pension and disability. Not much money, but I can still pay for my home, eat noodles and hunker down....
If I collect unemployment (at the maximum rate available which they claim I'm qualified for), I won't be even be close to paying my creditors but I would be able to job search far more effectively.
It would take longer to quailfy for a BK7 (no abuse check) though.
I'm assuming the trustee would include umemployment in the income calculations...in fact I believe its on the worksheet....
What's your advice/ experience on this?
If I petition for BK7 and unemployment insurance takes me over the median income, is this grounds for assuming abuse?
Thanks again,
CPO
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