+ Reply to Thread
Results 1 to 4 of 4
  1. #1
    Join Date
    Aug 2017
    Posts
    2

    why did we file bankruptcy in the first place?

    What is the name of your state (only U.S. law)? Indiana

    gonna make this brief.... we hired an attorney to help us file for bankruptcy.. we let him handle everything. He decided to file Chapter 13. They are taking 300.00 a week out of my husbands' 700.00/week paycheck. We are paying off the past debt, but now we can't pay the current bills. We are behind on everything. Our credit score toggles between being the same thing it was to start with, or worse. What can we do??


  2. #2
    Join Date
    May 2004
    Posts
    76,831
    Quote Originally Posted by Janethop View Post
    What is the name of your state (only U.S. law)? Indiana

    gonna make this brief.... we hired an attorney to help us file for bankruptcy.. we let him handle everything. He decided to file Chapter 13. They are taking 300.00 a week out of my husbands' 700.00/week paycheck. We are paying off the past debt, but now we can't pay the current bills. We are behind on everything. Our credit score toggles between being the same thing it was to start with, or worse. What can we do??
    When a chapter 13 is put into place the budget is determine based on current bills. Therefore, if you cannot cover current bills then you either gave your lawyer inaccurate information about your current expenses, or you are spending money not included in your budget.


  3. #3
    Join Date
    Apr 2009
    Posts
    5,578
    Quote Originally Posted by Janethop View Post
    What is the name of your state (only U.S. law)? Indiana

    gonna make this brief.... we hired an attorney to help us file for bankruptcy.. we let him handle everything. He decided to file Chapter 13. They are taking 300.00 a week out of my husbands' 700.00/week paycheck. We are paying off the past debt, but now we can't pay the current bills. We are behind on everything. Our credit score toggles between being the same thing it was to start with, or worse. What can we do??
    Do some searching on converting from a Chapter 13 to a Chapter 7. There are a number of informative articles.


  4. #4
    Join Date
    May 2011
    Posts
    190
    The title to your thread is "why did we file bankruptcy in the first place?"

    You need to answer that question. Were you trying to save a home or a car? Were you trying to pay back taxes? Were you wanting just to get rid of unsecured debt like credit cards and medical bills? In the process, did you have some non exempt assets you were trying to protect?

    I agree with LdiJ. You filled out a budget (Schedule I and J) and it said you could afford to pay $1,200.00 or so a month. Look at that budget. Figure out what you are doing today that does not match what you stated in the budget and then decide if you need to adjust your spending habits or if you can modify the Plan to reduce the monthly payment.

    Certainly, no one on the Internet can tell you if you should remain in bk, convert or try to reduce payments. You need to sit down with your attorney and figure it out.

    Des.


+ Reply to Thread

Similar Threads

  1. Is a Lawyer the only person that may file a motion to place on calender?
    By Plenneper in forum Arrests, Searches, Warrants & Procedure
    Replies: 1
    Last Post: 01-25-2010, 06:47 AM
  2. should i file bankruptcy now should i file after the foreclouser
    By Dinpoudel in forum Consumer Bankruptcy
    Replies: 2
    Last Post: 01-12-2007, 11:58 AM
  3. Replies: 2
    Last Post: 08-10-2005, 03:26 PM
  4. Can you file bankruptcy if you didn't file taxes?
    By blahblab in forum Consumer Bankruptcy
    Replies: 3
    Last Post: 06-08-2005, 06:16 PM
  5. does the state of wisconsin have a place to file a complaint?
    By ljsskidz in forum Buying & Selling a Home
    Replies: 2
    Last Post: 05-09-2001, 09:01 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

© Since 1995 Advice Company, All Rights Reserved

FreeAdvice® has been providing millions of consumers with outstanding advice, free, since 1995. While not a substitute for personal advice from a licensed professional, it is available AS IS, subject to our Disclaimer and Terms & Conditions Of Use.