Hi all,
Started to reach out to attorneys about my situation and it looks like my husband and I will likely file for a chapter 13. I looked through a couple of posts but wanted to see if anyone could help answer questions. For reference, my husband and I make $297K annually (take home $14.4K), have a mortgage payment of $5.7K, and 2 car loans ($1.7K). We live in CA. Our unsecured cc debt is around $74K and unsecured personal loans about $60K, so about $134K total. $66K in student loans. A 100% plan for 5 years was mentioned.
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With attorney and trustee fees, I was told the 100% payment would be in the $2K-$3K range for 5 years. I’ve been reading about others’ payments much higher than this. If we have disposable income left after, will they take more even if it’s more than 100%?
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How do they decide how much we spend on certain living expenses? Do we tell them and they just take the figure or do we have to prove it through statements?
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I haven’t stopped payments completely but will start. Can I use the money saved in the meantime to put aside somewhere? Or will they take that away once I file?
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In CA, do they take bonuses, tax refunds, and increase in income if you’re already paying 100%?
The one attorney I was able to speak with today wasn’t giving me straight answers and it has made me even more anxious. I’ll be speaking to more attorneys within the next week. I’d appreciate any info and positive experiences from people here in the meantime!
submitted by /u/ElbyCake
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