Gilcrest, CO Bankruptcy Law Firms & Lawyers

If you have proposed a 48 month plan, you might have qualified for a 36 month plan but couldnt afford the payments to accomplish your Chapter 13 goals within 36 months. Or you may be paying off 100% of your debts in 48 months. I have no way to know what your particular situation is. Do you want to pay off earlier? Unless you are paying 100%, in some states, you can do this, and in other states you cannot. You should either ask your attorney or the Chapter 13 Trustee.

You need to meet with an attorney well versed in bankruptcy. If you go to a lawyer that you see advertised on t.v., make sure that you spend at least an hour with the attorney before you pay him a retainer fee. In order to keep as much as possible, you need to be sure that he has the full picture, including all of your other assets and debts. There are places that you can put your money beyond the reach of the trustee and if done right, it is perfectly legal. Make sure where ever you spend money over $250 you keep a receipt because the Trustee wants to know where the $75,000 went.

I assume you are talking about the means test. That is only gross income for the past six months and does not include any expenses/deductions unless you have to rebut the presumption. A garnishment does not show up on the means test even if you are attempting to rebut the presumption. Do not confuse Sch I & J with Form 22A. Visit with an attorney. A bankruptcy attorney has software that will run all the calculations for the means test, no point in doing it manually.