HaySomAttorneys.com
Title
Welcome to Haysom Attorneys
Contact
- Paragraphic Communications
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- New Haven CT
- United States 06511
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- (203)387-0417
Description
Big increase in the protection of your house--a couple is now allowed more than $100,000 of equity in their house. This also means lower chapter 13 payments to creditors.
No luxury spending. If your income is better than half the population, you are only allowed IRS spending guidelines in showing your expenses. A special test is now used ("Form 22.") If a chapter 7 "fails" this test, you may have to file a chapter 13 and pay a minimum of ten cents on the dollar to your creditors.
Special duties. You must attend credit couselling before filing and after (cost : $50 each, can be done by 800 tel. # or internet--takes an hour or less.) You must also state your intention to reaffirm secured debt such as a car loan or mortgage. This means promising to pay them in full. Whether you actually do so or rescind your promise is a decision you should carefully consider with your attorney.
