My question involves bankruptcy in the state of: CA
Sorry about the blank post, but I keep getting "bumped" out of this site after I write a long message. I'll try again.
Questions:
We are approx. $70,000 in debt, doubt that we will qualify for ch 7, maybe for ch 13. I am so nervous, what should I expect? Are the cc companies going to go through every transaction with a fine-tooth comb? I've been "juggling" credit cards and paying everyday expenses with them because I used our paychecks to keep everything current on the credit cards and mortgage. Will they think this is BK fraud?
Also, I went to the IRS page to see our housing allowance and it's only 1650 but our mortgage is $2100 alone! Will the trustee take that into consideration? My husband commutes 120 miles to work (in a commuter car) and the fuel is about $400/month, will that be added to our "new budget?"
Thank you for all you advice.
Liz

