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Ziinet (BANKRUPTCY & CONSUMER CREDIT)

Sat, 30 Mar 2002 23:37:00 GMT

Hello Everyone,
I am in the process of filing thru Ziinet; It is still a very tedious process.
I was under the impression that I did not list my credit card payments on a Schedule J, do I? If that is the case my expenses FAR exceed my income. Somewhere along the line I thought I was told that you only put NEEDED LIFE expenses on a schedule J but I am seeing example of CC payments listed.
Anyone know?
Thanks!
Betsy

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  • Comments
  • Sun, 31 Mar 2002 08:33:00 GMT(1)
  • The purpose of the budget portion of the petition is to show your outgoing expenses vs. your income.
    If you do not wish to reaffirm on the credit card debts, then don't list the monthly payments.
    The trustee wants to see what money you have left over after your living expenses are paid.
    If you list the credit card payments that you don't intend to make, it gives a false picture of your financial situation.
    Make sense?
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