Finally filed chapter 7 yesterday but some gambling questions I had were not clear to me
Finally filed as the title states. My gross income the past 6 months average has been $60,697. My attorney said that puts us at around the $121k yearly gross for a family of 3 in New Jersey. Under the $137k line But it’s how he approached the questions around gambling that left us confused.
We have several w2g’s for the year. if you look at reportable winnings but if you look at the win/loss statements from those trips we are net negative about $6,000.
I asked how that works as far as income goes since it’s reported even though we never left with any money. He said we approach this income but in a different way using the statements from your win/loss history to ask for an offset for those wins. He said it’s up to the trustee and if it doesn’t work we will just do a chapter 13. I was adamant about not doing a chapter 13 since my income is under the limits and the wife is now unemployed.
We also had to downsize and sold off allot of our stuff on Facebook marketplace and eBay. All that shows as income but he did not seem to address any of that. He solely focused on our normal jobs.
He said something about guaranteed income and income that comes from a hardship such as a forced move.
He provided more time then the rest I consulted with but also confused me more then the others because it was cut and dry with the other attorneys.
What am I missing here. And does anyone have any experience with the New Jersey trustee?