Questionnaire Finished

Questionnaire Finished

We've jumped another hurdle on this Bankruptcy journey. The 44+ page questionnaire has been completed and turned in to the attorney's office. It was basically a precise inventory of our income, expenses, assets, and debts. Very involved and in-depth, but that's to be expected. The calculations show that we bring home $7,500 monthly before taxes/deductions. After taxes/deductions? We really only bring home about $6,000. Our monthly expenses can be as much as $5,630 each month (and this doesn't even include the $1,000+ credit card payments we hope to be rid of if the bankruptcy goes through). Even with the Bankruptcy, we will need to make some serious changes in our lifestyle.

There are a few documents we were unable to find prior to yesterday's appointment, but we have about a week to get them in before our papers are officially filed with the Bankruptcy Court, which should be by the end of July. Another thing we have to do before papers are filed is complete the online credit counseling. I'll have to get Mr. America to sit with me and run through the class sometime this weekend. The attorney gave us a worksheet that will make it easy to complete the credit counseling, instead of having to scramble for figures, etc. Given the income and expenses previously mentioned, I think the credit counseling is a great idea, aside from the fact that it's required.

The paralegal told me that our court date would be within 25 days of our file date, so sometime in August we'll go to court. After that, I don't know what happens. More importantly, what happens IN court, I have no idea. Will we be grilled? Will they find something that makes us ineligible? I don't know what they could find, because we listed everything that we know of - I just fear that we don't owe enough or perhaps make too much money, whatever it might be to get in our way of filing.