ohioguy Posted January 11, 2005 Report Share Posted January 11, 2005 I have been reading this forum for several hours, and really appreciate all the helpful information. I will be filing ch. 7 soon, but I have a question.First, this is my understanding of the process:1) I file for bankruptcy (list my assets and debts), then 30-40 days later I have my hearing, and 60 days after that the bankruptcy is discharged.2) To qualify for ch. 7 (versus ch. 13), I can have no more than $100 left over per month when I subtract all my monthly debt from my monthly income.My question/situation:I have received no income over the last 4 months (and even for at least 8 months before that, my income was very low), so I definitely qualify for ch. 7. However, it looks like I might finally have a new job lined up (in a different state), but my pay will be higher, and I am afraid I might not qualify for ch. 7 (it will be close, and I don't want to be forced into a ch. 13). If I have moved to another state and am receiving a higher income at the time of the hearing (even though I clearly qualified for ch. 7 at the time of my filing), will this invalidate my earlier figures (i.e., is the official date the filing date or the hearing date)?I assume at the hearing they will ask me my address, and when they ask why I am living in a different state, I will have to tell them about my new job. If I hold off on my move/job until after the hearing, will I be in the clear?So, the essence of my question:If my living situation/income changes between the filing date and the hearing date, is this going to be: no problem, a possible problem, or a big problem? Should I just wait to accept a new job and move after the hearing date (but before the discharge)?Thanks in advance for all your help. Reading this forum has really calmed me down a lot. Link to comment Share on other sites More sharing options...
bingo Posted January 11, 2005 Report Share Posted January 11, 2005 Yes, it could be a problem. I'd suggest you delay doing anything that will materially change your financial situation until you're discharged.Have you spoken with a lawyer about this issue. Link to comment Share on other sites More sharing options...
ohioguy Posted January 11, 2005 Author Report Share Posted January 11, 2005 Yes, I'm making appointments right now. Link to comment Share on other sites More sharing options...
clig_fred Posted January 15, 2005 Report Share Posted January 15, 2005 Well, I think if you DON'T cash the checks, then you are OK.So if you work for 3 months and don't cash the checks you receive from your new job, then you are technically in the same financial situation before the new job. So you will be still eligible for bankruptcy.The court only uses your tax returns. Can anyone confirm this? Link to comment Share on other sites More sharing options...
LadynRed Posted January 15, 2005 Report Share Posted January 15, 2005 Nope, the Trustee typically asks to see bank statements and can ask for pay stubs.. and a whole lot more if they want to ! Link to comment Share on other sites More sharing options...
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