Recreation After Filing Bankruptcy
San Jose Bankruptcy Attorney says all is not lost for recreational activities after filing bankruptcy
Now that we have the after-buzz of “Avatar” and everyone is hot for a ticket to that train your dragon movie; we are going in droves to the movies, even with the rise in 3-D ticket costs. If one has or is considering filing a Chapter 7 bankruptcy (or even a Chapter 13 bankruptcy or Chapter 11 bankruptcy), does that mean that there won’t be any money to go to the movies, or engage in any recreation at all? This San Jose Bankruptcy Attorney says “NO.”
As a local Bay Area Bankruptcy Attorney, I understand how important recreation is. Silicon Valley has lots of enjoyment opportunities and local resources. Certainly it is free to go to the beach or Balboa Park and, as locals, we should avail ourselves of these wonderful resources, but most recreation costs something. When one files a Chapter 7 liquidation, the forms specifically ask how much money you and your family spend on recreation (this is Schedule J). Most people think they should answer zero: that somehow just because they have filed for bankruptcy they are doing something wrong living a normal life. In my opinion, answering “zero” for recreation costs raises a red flag for the trustee that somehow the debtor is fudging their numbers. People go to the movies, they buy magazines, they fly kites at the beach, etc. Doing so is not unlawful nor unethical.
So if you are wondering if bankruptcy means an end to all fun, just say "no." Just be reasonable with your choices and Chapter 7 bankruptcy can be the relief you seek without the headache or worry you think it might be.
If you have questions regarding Bankruptcy in San Jose please contact us at 408.279.2288 for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our downtown San Jose bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or bankruptcy litigation case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, San Jose and the South Bay!
