I have seen an attorney regarding my situation. $50k in debt with literally
no assets to protect. I have $150 a month after all bills. He is possibly
sugeesting 13 with the money left over. When it comes down to do I have a
choice which way to go? Why would 13 be any better than 7 in the long run?

"Bruce" <janedoe@cox.net> wrote in message news:<quIzc.49739$%T.15700@okepread05>... I have seen an attorney regarding my situation. $50k in debt with literally no assets to protect. I have $150 a month after all bills. He is possibly sugeesting 13 with the money left over. When it comes down to do I have a choice which way to go? Why would 13 be any better than 7 in the long run?

It wouldn't be for you. It would be for the lawyer since he will get
more from a chapter 13 case then a chapter 7 case.

AVOID Chapter 13 unless positively forced to do so by the Trustee.
Less then 30% of Chapter 13 cases end sucessfully. In Chapter 7, you
are treated like s*** for a few months, then it is over. In Chapter 13
you are treated like s*** for 3-5 years, with no margin for error.
NONE. Hence the less then 30% sucess rate.

See if you can find a way to come up with a budeget with NO
"disposable income". Make sure you have allowances for clothing,
recreation, medical, laundry and dry cleaning. Transportation expenses
to include at least gas, scheduled maintenance, insurance, and
registration fees. Personal care and grooming. Pet care and grooming.
Utilities, especially heating in the winter.

Alas, despite my best efforts, it was claimed by the Trustee that I
had disposable income after "reasonable and necessary expenses".
WARNING, the Trustee's concept of "reasonable" and "necessary" are
designed to screw as much money as he can from you, as the Trsutee's
fee is a percentage of your Chapter 13 payment. You WILL be f***ed.
Trustees and Judges couldn't care less if you succeed, they just want
to punish you and make your life as miserable as they can.