My husband and I owe about $50K. We live in NYC where the cost of living is
the highest in North America. A cheap studio apartment runs about $800+.

I have been out of work for 17 months in counting. My husband lost his job
about 2 months ago. Both of our in the IT industry which has been extremely
hard hit and it is hard for us to find new jobs.

My husband has enlisted in the Army and will be a US Military Recruit as of
Sept 1. He will be making a base salary under $15K a year plus I will
receive a housing stipend.

Here is my question:

I finally have a good shot at getting a job. It will probably pay $40-50K
per year. However, when we were living on one income, we were just barely
getting buy paying off about 1/2 of our debt each month, minimum payments.

If I get this job before my 341 hearing (or shortly thereafter) will I have
to convert my Chapter 7 to Chapter 13. $40K in NY is considered a hard
income to live on, even without debt.

Rob

Rob:

It depends on the details of your case. I would strongly
recommend speaking with a local bankruptcy attorney. He or she
can look over your entire situation and let you know what you can
and can't do.

--
Brett

************************************************** ***************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* lawyer@erols.com *
* http://www.erols.com/lawyer *
* *
* Small Business Estates & Estate Planning *
************************************************** ***************

The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the facts
and the law applicable to your situation.
************************************************** ***************


"newsreader" <divina1@hotmail.com> wrote in message
news:HogPa.17790$GF2.4695057@twister.nyc.rr.com... My husband and I owe about $50K. We live in NYC where the cost
of living is the highest in North America. A cheap studio apartment runs
about $800+. I have been out of work for 17 months in counting. My husband
lost his job about 2 months ago. Both of our in the IT industry which has
been extremely hard hit and it is hard for us to find new jobs. My husband has enlisted in the Army and will be a US Military
Recruit as of Sept 1. He will be making a base salary under $15K a year plus
I will receive a housing stipend. Here is my question: I finally have a good shot at getting a job. It will probably
pay $40-50K per year. However, when we were living on one income, we were
just barely getting buy paying off about 1/2 of our debt each month,
minimum payments. If I get this job before my 341 hearing (or shortly thereafter)
will I have to convert my Chapter 7 to Chapter 13. $40K in NY is
considered a hard income to live on, even without debt. Rob