| Author |
Message |
Jarod
Guest
0.10 Dollars($)
|
Post subject: |
|
|
Hi Sussane,
Follow-up queries...
Do you agree that the creditor can disapprove my repayment plan on grounds that they can get more if I liquidate my non-exempt assets?
What if whatever adjustments I made on repayment plan, the total would still be lower than what the creditor would get on my non-exempt assets?
Will I be force to sell some of this assets before approving my repayment plan?
Who makes the final decision on cases like this?
Thanks! |
|
 |
smithsussane
Joined: 18 Sep 2008
Posts: 10382
Location: Alaska
976.66 Dollars($)
|
|
Post subject: |
|
|
Hi Jarod!
Welcome to forums!
The creditor can disapprove your repayment plan on the ground they will get more if they liquidate your assets. The lender or the trustee won't come after your exempt assets. However, they may sell off your non-exempt assets in order to recover the dues. The court makes the final decision in this regard.
Feel free to ask if you've further queries.
Sussane |
|
|
Jarod
Guest
0.10 Dollars($)
|
|
Post subject: Non-Exempt Increase in Value while in Repayment |
|
|
If your non-exempt value (CDs, Stocks, etc.) increase while in Ch. 13 repayment plan. Do you have to increase your monthly payment?
Thanks! |
|
|
jameshogg
Joined: 20 Dec 2005
Posts: 10443
Location: Nevada
984.98 Dollars($)
|
|
Post subject: |
|
|
Hi Jarod,
There are chances that you will have to increase your monthly payments. Nevertheless, it is your bankruptcy attorney who will better help you in this matter. You should have a word with him in this regard.
Thanks |
|
|
ronnie25
Guest
0.10 Dollars($)
|
|
Post subject: |
|
|
| Can I keep my savings account balance in an ohio chapter13 |
|
|
adonis
Joined: 22 Oct 2005
Posts: 10531
Location: ALASKA
1085.02 Dollars($)
|
|
Post subject: |
|
|
Hi ronnie,
Chapter 13 bankruptcy filing will help you in reorganizing your debts. Thus, as far as I know, it will help you in keeping the money that you have in your savings account.
_________________
Procrastination is the enemy of your financial success |
|
|
Rob20
Guest
0.10 Dollars($)
|
|
Post subject: Wife Savings |
|
|
| My wife does not work but she was able to save money base on allowance I gave her. Plus she got half of the (significant) gains when we sold our house years ago. Is her assets on the hook for computation of my monthly repayment plan if I file Chapter 13? |
|
|
smithsussane
Joined: 18 Sep 2008
Posts: 10382
Location: Alaska
976.66 Dollars($)
|
|
Post subject: |
|
|
Hi Rob!
Welcome to forums!
If you are filing Chapter 13 alone, then your wife's savings won't be calculated when the creditors and bankruptcy trustee make a repayment plan for you. Only your income and savings will be taken into consideration.
Feel free to ask if you've further queries.
Sussane |
|
|
sarah jane suzara
Guest
0.10 Dollars($)
|
|
Post subject: loanmodificationmortgage |
|
|
| we are on chapter 13 payment plan is it possible to apply for loan modification on our house mortgage? |
|
|
HELP ME
Guest
0.10 Dollars($)
|
|
Post subject: |
|
|
| My chapter 13 has been discharged about 3 years now, @ the time I filled chapter 13 my lawyer and I also applied for mortgage modification and was denied. What happens to my arrears ( unpaid monthly mortgage), do I have to pay it back? |
|
|
adonis
Joined: 22 Oct 2005
Posts: 10531
Location: ALASKA
1085.02 Dollars($)
|
|
Post subject: |
|
|
Hi sarah,
You may not be able to apply for loan modification now. Once your Chapter 13 bankruptcy filing is discharged, then you can apply for it.
Welcome Guest,
I hope you received a payment plan when you filed bankruptcy Chapter 13. If you have paid as per that plan, then you may not have to pay any arrears.
_________________
Procrastination is the enemy of your financial success |
|
|
Rob20
Guest
0.10 Dollars($)
|
|
Post subject: Income Tax Return |
|
|
| Can the creditor see my Income Tax Return on Chapter 13 or just the Trustees can see them? |
|
|
smithsussane
Joined: 18 Sep 2008
Posts: 10382
Location: Alaska
976.66 Dollars($)
|
|
Post subject: |
|
|
Hi Rob!
Welcome to forums!
As far as I know, it is your trustee who will be able to see your income tax return when you file Chapter 13.
Sussane |
|
|
GEMARTIN999@COMCAST.NET
Guest
0.10 Dollars($)
|
|
Post subject: ANNUNITY |
|
|
Can i use an annunity that matures in 2016 to satisfiy my chapter 13 obligation? I can withdraw 6% a year which would take me three payments ot complete my obligation. I live in Tn,
Thanks for your help. |
|
|
Guest
0.10 Dollars($)
|
|
Post subject: |
|
|
| As far as I know, you will be able to use the annuity that matures in 2016 to satisfy your Chapter 13 obligation. |
|
|
Previous 1, 2, 3, ... 21, 22, 23 Next 
