I'm filing for Chapter 7 bankruptcy. I have a few questions.
1. Regarding my income I'm currently unemployed due to a disability so my current income is 0.00. But I expect to have my Long Term Disability in place within 2-3 months. My question is should I include this expected income? My wife's income is very low through self employment. We have only one vehicle a new 2013 truck and we want to keep it and keep making payments on it. We are not behind. But I was concerned if my disposable income is negative if they might not let me keep the truck? We are currently living with relatives until we can get another place to save money.
2. One of my creditors was for a personal loan. They originally asked me to list some household items and electronics to secure the loan. Later when I borrowed more money I put up a used car for collateral and they have a title lien on it. I plan to surrender the car to them. My question is should I list this debt now as unsecured? Would I need to file a motion for the household property? We no longer have most of this property they had listed.
3. Do I need to list Student loans? Mine is in deferment and will be changed accordingly when my disability starts.
1 Answer from Attorneys
Your case sounds like you may have some complications. Bankruptcy has a lot of moving parts that a Pro Se will not understand. I recommend talking to a bankruptcy attorney. Most offer a free initial consultation.
Related Questions & Answers
I have 4 months left to pay on my chapter 13 Bankruptcy. My job is closing next... Asked 8/13/13, 1:31 pm in United States Texas Bankruptcy Law
Filed pro se chapter 7 using Jan-June. Petition filed Aug 2, Passed means test with... Asked 8/13/13, 10:43 am in United States Texas Bankruptcy Law
I filed chapter 7 in Texas and passed means test with exemptions using previous 6... Asked 8/13/13, 5:55 am in United States Texas Bankruptcy Law
My lender will not complete a reaffirmation on my vehicles since I filed chapter 7... Asked 8/05/13, 2:46 pm in United States Texas Bankruptcy Law
I am planning to file Chapter 7 bankruptcy in the Eastern District of Texas, and... Asked 7/27/13, 4:39 pm in United States Texas Bankruptcy Law