Re: ch 7 vs 13

Posted by LadynRed (199.91.33.254) on July 31, 2003 at 14:58:10:

In Reply to: Re: ch 7 vs 13 posted by APP3 on July 31, 2003 at 13:30:58:

Let me ask you this. When the lawyer was figuring your Ch 7 vs Ch 13, was he using NJ exemptions (which suck), or FEDERAL exemptions, which ARE available to you in NJ. Federal exemptions allow 16,5K in equity ! Is his number of 20K in equity right ?? I would most certainly ask him what exemptions he was using.

As for disposable income, if you've got less than $100, then that'll work with a Ch 7. I would be curious to know what kinds of numbers you had for your normal expenses.

CH 13 is totally voluntary .. and I hate to say it, but lawyers get a LOT more money for a CH 13 than they would with a Ch 7 !!

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