How does annual or quarterly profit sharing income factor into monthly disposable income that may or may not go to creditors?

If any annual or quarterly income was received in the past six (6) monthis, it is includable in the median income test to determine if you can file...

The proper family size would be 3 since you are living together and sharing expenses. Your boyfriend does not have to file bankruptcy; however,...

I'am on SS Disability , Central Prarie Financial put a judgement on my house , I don't own the house , FMHA stil owns it.

The judgment is a lien against your home for 10 years under Minnesota law. If you decide to sell your home within that 10 year time period, the...

Are there accepted allowances to list for entertainment and household maintenance when filing bankruptcy?

I generally use $150.00 per month for household maintenance if you own a home. Entertainment I generally list $100.00 per month for a single...

When filing bankruptcy, will someone come and take inventory of your personal belonings?

No one will come and inventory your household; however, it is important to be honest with your attorney and list all of your assets to the best of...

I filed bankruptcy and its been finalized for over 2 1/2 years and included my second mortage in my bankruptcy

The Chapter 7 Bankruptcy discharge only relates to your "personal liability" on the 2nd Mortgage loan. The secured mortgage lien remains on your...

Are we responsible for paying a credit card bill that we haven't recieved a bill for in over 4 months?

Yes, you are still responsible for the charges that you made on the credit card. I assume the credit union may be taking your minimum monthly...

Will anyone help me? I can trust?

You can and should ask for a payment history from the IRS and the State of MN that shows the payments applied and the interest and penalties added...

What do i do about taxes owed

Yes, you can add post-petition income taxes to your Plan under Section 1305 of the Bankruptcy Code if the tax authorities agree with the same. ...

Why isnt my chapter 13 payment lower?

Yes, you can have another attorney review your current income and expenses. It's possible that your full-time job wages have increased since you...