I'm About Ready To File Ch 7...just Three Concerns Left

Question:
I'm about ready to file for FL chapter 7. I can be ready in a few days, after double and triple checking everything on the forms. But I have three concerns: 1. I'm trying to decide if I should wait to file until next month because my apartment lease is over at the end of THIS month. I want to renew my lease, but am worried they will pull my credit report and see bankruptcy. If I wait to file until next month then they will see no bankruptcy but a lot of late credit card payments. Both situtations could make the landlord not want to renew my lease. Which is worse to a landlord considering future tenant? Late payments or bankruptcy in progress? Waiting till next month with a new lease would benefit me because rent will be higher, thus reducing my disposalable income. But I hate waiting to file when I'm ready this month. 2. I want to discharge 11 credit cards totally 68000. After figuring income/expenses I had $750 disposable which John said was too much for ch 7. How low should my disposable be? I was low on figuring expenses so I think I can get disposable down to $400, maybe $300, especially with . 3. I want to buy back my auto from the trustee, but don't have the cash. Do trustees accept payment plans?

Answer:
Responses to your questions: 1.. See thread "Another question, apartment lease" for a discussion on this, 2.. That varies, but you should review your budget and make sure you have accounted for everything. That means no guessing or low-balling of the numbers. Chances are you are in bankruptcy because your income did not meet your expenses. Make sure that your budget accurately reflects your monthly expenses. 3.. Probably not. If you have been paying your rent on time, they may not pull your credit report at all. And you could possibly renew your lease right now, before the bankruptcy filing. One mitigating factor from the landlord's standpoint is that, once you file for bankruptcy, you will have fewer creditors trying to get your rent money from you each month (no creditors, in fact, unless you have non-dischargeable debts such as taxes, child support, student loans, etc.).





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