whoisonfirst
Junior Member
What is the name of your state?What is the name of your state? OR
I have some questions about Chapter 7 in Oregon.
#1. Last December, my husband and I were given approximately $10,000 worth of stock. Since we were buried in credit card debt, we sold the stock and made a large (over $7,000) payment on a VIsa card. This payment paid off the card. We also purchased a futon, since we did not have a bed. But then the minimum payments on our other cards skyrocketed (changing interest rate?), and while we struggled to keep up, we ended up having to use my Visa again ... Will it look bad that we paid off the Visa in January, only to use it for several expenses again? We have not used this - or any - card since at least early February.
#2. We received a tax return of $1,000, and we are holding that amount now in cash, for the lawyer. Is this okay?
#3. I landed a one-time only freelancing job that paid $3,000. We used this money for medical expenses, clothes, food, and other expenses. This was on the advice of an attorney (who we have not yet retained - see #4) during a free consultation, who said we should purchase exempt items before the bankruptcy.
#4. We have to move to a new apartment on July 1st, 2004. OUr current building is full of crime, needles, and violence. We signed a new lease already. Should we file now, before we move? Will our change of address affect the papers? Or does that matter?
#5. Some of our debt is for computers purchased through financing. Do these need to be reaffirmed in order to keep the computers, as we need them for our livelihoods? Also, what if we sold some items that were on such financing, just to get by?
Sorry for all the questions. We are just very stressed out. We did not ever foresee that we would declare bankruptcy. Until our MBNA card suddenly spiked into the $300/month range - after not even using it for over a year - we honestly thought we could dig ourselves out.
I am also epileptic and without insurance. I very much need medical care, and that will be expensive. However, we have no expenses to show this, since we will not have the money for it until after we are discharged. We do have receipts and/or plans or bills for dental work and other medical care. I also have receipts for clothes, medications, and special food that I require due to allergies. Will these help?
Thank you!!!
I have some questions about Chapter 7 in Oregon.
#1. Last December, my husband and I were given approximately $10,000 worth of stock. Since we were buried in credit card debt, we sold the stock and made a large (over $7,000) payment on a VIsa card. This payment paid off the card. We also purchased a futon, since we did not have a bed. But then the minimum payments on our other cards skyrocketed (changing interest rate?), and while we struggled to keep up, we ended up having to use my Visa again ... Will it look bad that we paid off the Visa in January, only to use it for several expenses again? We have not used this - or any - card since at least early February.
#2. We received a tax return of $1,000, and we are holding that amount now in cash, for the lawyer. Is this okay?
#3. I landed a one-time only freelancing job that paid $3,000. We used this money for medical expenses, clothes, food, and other expenses. This was on the advice of an attorney (who we have not yet retained - see #4) during a free consultation, who said we should purchase exempt items before the bankruptcy.
#4. We have to move to a new apartment on July 1st, 2004. OUr current building is full of crime, needles, and violence. We signed a new lease already. Should we file now, before we move? Will our change of address affect the papers? Or does that matter?
#5. Some of our debt is for computers purchased through financing. Do these need to be reaffirmed in order to keep the computers, as we need them for our livelihoods? Also, what if we sold some items that were on such financing, just to get by?
Sorry for all the questions. We are just very stressed out. We did not ever foresee that we would declare bankruptcy. Until our MBNA card suddenly spiked into the $300/month range - after not even using it for over a year - we honestly thought we could dig ourselves out.
I am also epileptic and without insurance. I very much need medical care, and that will be expensive. However, we have no expenses to show this, since we will not have the money for it until after we are discharged. We do have receipts and/or plans or bills for dental work and other medical care. I also have receipts for clothes, medications, and special food that I require due to allergies. Will these help?
Thank you!!!