Recent content by Kasel

Thanks Des. Quite interesting the fact that in certain jurisdiction could be treated differently. I was of the impression once the plan is approved that's it. I actually asked my attorney, but he seems all over the map sometimes, even though he did say that if my plan gets approved, that would...

I have one question. Lets assume I have a payment plan of $800/MO for next five years (total $48K) approved by the trustee of chapter 13. Then, six months later I find a job that pays me double what I'm making now(for sake of discussion). First, Do I have to report the increase in salary? (again...

Des, I have one more question. Lets assume that my payment plan of $800/MO for next five years (total $48K) is approved by the trustee of chapter 13. Then six months later I find a job that pays me double what I'm making now(for sake of discussion). First Do I have to report that? and if so will...

Des. Des, Thank you very much for such candid, smart, and accurate explanation/advice. I really appreciate it. Kasel

Des, from what you know now about my case, what do you think in terms of being able to file chapter 7? Thanks, Thanks Des, actually the numbers are as follows about $310K non consumer debt and $55K consumer debt, so this part now seems somewhat clear. Next part is: I know for sure that the...

Des thanks, You really know what you are talking about. Basically here is what happened: I was the companies controller for about 7 years. BTW, I left the company in 2005. His claim in 2011 was I defrauded his company by issuing checks to myself in the amount of over $230K from 2001-2005. Checks...

Thanks, now its getting more interesting. Is what you saying relevant even in New York state? Well actually its "alleged fraud" that originated in a Canadian court and was a summary judgement. BTW, I never agreed that it was fraud, but rather it was agreed upon between me and my employer, but it...

Bankruptcy doesn’t seem an option as I make too much and have no dependents, and thanks for the links but again my question remains. In my case which would be considered multiple garnishments is the maximum 10% of my gross or is it the maximum 25% of net. Keep in mind the amounts differ quite a...

Thanks, but that was exactly my question. Is it 10% of gross which in my case it’s the lesser amount, and I wouldn’t have to pay any additional other than my child support, or is it 25% of gross in which case I would have to pay about $7,000 annually in addition to child support? Again I was...

Have a judgement of over $200K and I make $130K gross, $90Net after statutory deductions. I pay $15,500 annually in child support through garnishment (work). What is the total amount that the creditor can garnish me given the above numbers. Someone told me that I'm judgement proof since my...