Ch. 13 bankruptcy Disposable Income?
I do not have the option of filing a chapter 7 ( I claimed some 5 years ago), my wife lost her business upon becoming disabled from a horrible accident and she made the bulk of our income… which cut our income to a fraction of what we were at. I need some relief. I am worried with our income and general bills the trustee with say we do not have any disposable income. Does any one know what happens?
If the trustee says we do not have disposable income do we have any other options? I cannot afford to be garnished we are barely making it as is do I have any options out there at all?
You must have enough income to fund a Ch 13 Plan in order for that Plan to be confirmed.
In some Districts it is par for the course to confirm 0% repayment plans for those with little disposable income who must file Ch 13 rather than Ch 7.
Make an in-person appointment with an experienced local bankruptcy attorney to discuss.