| Author |
Message |
|
|
Guest
|
 Posted: Wed Aug 27, 2008 1:51 pm Post subject: chapter 13 |
|
|
what are the statutory caps for chapter 13?
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant |
|
|
 larry
Joined: 27 Jun 2007
Posts: 3328
474.61 Dollars($)
|
| Posted: Thu Aug 28, 2008 4:18 am Post subject: |
|
|
Hi Guest.
Welcome to the forum.
Statutory caps for chapter 13
Secure debt limit for Chapter 13 is $1,010,650 and unsecured debt limit is $336,900. The debt limits are adjusted every three years. So for the Chpter13 repayment plan you should have regular income and your debts should be below the statutory caps. Feel free to ask if you have further questions.
Best of luck,
Larry |
|
|
Bobbie
Guest
|
| Posted: Fri Jul 24, 2009 6:03 pm Post subject: Foreclosure after filing bankruptcy |
|
|
| Is it possible for the bank to foreclose after filing Chapter 13? |
|
|
jameshogg
Joined: 20 Dec 2005
Posts: 5023
Location: nevada
624.65 Dollars($)
|
| Posted: Fri Jul 24, 2009 11:12 pm Post subject: |
|
|
Hi Bobbie,
If the court has accepted your bankruptcy filing and issued an automatic stay, then your creditors/lenders will not be able to sue you or foreclose your property. However, if the court has not issued an automatic stay, then the lender will be able to foreclose your property.
Thanks |
|
|
cliveselley
Joined: 23 Jul 2009
Posts: 45
0.00 Dollars($)
|
| Posted: Sat Jul 25, 2009 10:20 am Post subject: |
|
|
purpose of BK is to avoid Foreclosure.
If the bankruptcy was discharged and the mortgage was under the bankruptcy then no.
But if the bankruptcy did not include his loan, and it was discharged, then he for example fell behind on his mortgage payments, then yes it would be forclosed |
|
|
