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smithsussane
Joined: 18 Sep 2008
Posts: 10045
Location: Alaska
921.83 Dollars($)
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Post subject: |
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Hi kaycee!
Welcome to forums!
I don't think you would face any problem to file Chapter 7 bankruptcy after loan modification. But as your loan is already modified by the lender, why do you want to file bankruptcy? Do you have other unsecured debts?
Feel free to ask if you have further queries.
Sussane |
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Cheryle
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Post subject: Chapter 13 |
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| My ch 13 requires a lump sum in the amount of $12,000.00 and it was ordered that I refinance my home. With the economy the way it is, no one wants to touch me except "HARD" money lenders that charge 14.99% interest and approx $13,000.00 in closing costs! So my bankruptcy which I have paid on for 4 1/2 yrs is in jeopardy of dismissal, what shall I do? |
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adonis
Joined: 22 Oct 2005
Posts: 10267
Location: ALASKA
1046.07 Dollars($)
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Hi Cheryle,
You're in a tough situation. The court has ordered you to refinance the property. I would suggest you to speak to your original lender and check out if he can refinance the loan for you.
If your original lender is also not ready to refinance the loan, contact the bankruptcy trustee and lawyer and inform them about your situation. There are chances that you would get other options. |
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lesa
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Post subject: over unsecured debt limit |
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| I am over the unsecured debt limit by $6,000 one of my creditors is willing to withdraw their $18,000 claim which will bring us back under the limit. Can my creditor do this before the confirmation hearing? |
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adonis
Joined: 22 Oct 2005
Posts: 10267
Location: ALASKA
1046.07 Dollars($)
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Post subject: |
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Hi lesa,
As far as I know, the creditor can withdraw their claim before the confirmation hearing. I guess, the creditor wants to settle the dues with you. As soon as he withdraws the claim, negotiate with him and settle your debts. |
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claudia
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Post subject: |
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| I filed bk 13 made my first payment on my first appearance to court. Which was 6/4/2009 when is my next due date? They did not give me information on the due date |
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jameshogg
Joined: 20 Dec 2005
Posts: 10164
Location: Nevada
944.24 Dollars($)
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Hi claudia,
You should contact your bankruptcy attorney or your bankruptcy trustee in order to know when your next due date is. They will be the best person to let you know.
Thanks |
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marleneb@phoenixofchicago
Guest
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Post subject: dismissal |
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my bankruptcy was dismissed 7 days ago, will I be able to get reinstated or will I loose everything?
chicago,il |
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adonis
Joined: 22 Oct 2005
Posts: 10267
Location: ALASKA
1046.07 Dollars($)
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Lyle
Guest
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Post subject: Bankruptcy dismissed due to no licensed council |
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Ok, we wee buying a house from a guy and he defaulted on his loan. The house was supposed to foreclose on 7/7/2009, but did not because he filed for bankruptcy on 7/6. So, now on 7/13 the US Trustee made a motion to dismiss do to fact he was a corporation and had no licensed council. What I want to know is, can the foreclosure resume immediately once the judge grants the dismissal. If so, will it back date to when he filed the bankruptcy, and foreclose immediately. I am hoping for an immediate foreclosure because the lender he defaulted to is going to work out something with me.
Thanks for any help!! |
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smithsussane
Joined: 18 Sep 2008
Posts: 10045
Location: Alaska
921.83 Dollars($)
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Post subject: |
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Hi Lyle!
Welcome to forums!
The lender will have the right to start foreclosure procedure immediately after the bankruptcy case is dismissed by the court. Once the lender forecloses the property, you can apply to the lender and buy the property.
Feel free to ask if you've further queries.
Sussane |
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larry #1122333
Guest
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Post subject: chap 7 |
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| my chap 7 bankruptcy case was dissmissed because i did not complete the credit counseling course. can I take the course and re-file? (i paid the credit counseling course fee) must i pay another court filing fee? the case never went to a hearing . can i appeal the judges decision? |
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Niicss
Joined: 03 Oct 2005
Posts: 4772
Location: New Jersey
499.62 Dollars($)
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Hi larry
As far as I know, you can file chapter 13 once your bankruptcy is dismissed but you can only file chapter 7 every 7 years.
Thanks.
_________________
Good is the Enemy of Great. |
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al
Guest
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Post subject: CHAPTER 13 DISMISSAL |
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| I had to file to stop a sale because we couldn't get an agreement. The plans payments are way too high. When it is dismissed , can i get a modification negotiated, and if not can i get a short sale through a real estae co.? |
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adonis
Joined: 22 Oct 2005
Posts: 10267
Location: ALASKA
1046.07 Dollars($)
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Post subject: |
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Hi al,
When you dismiss your Chapter 13 bankruptcy, you can definitely negotiate for a loan modification. If the lender accepts your request, you would be able to save the property from being foreclosed upon. However, if the lender is not ready for a loan modification, then you need to apply for a short sale. To know how short sale affects credit score, check out the following link:
http://www.mortgagefit.com/discuss/shortsale-crediteffect.html
_________________
Procrastination is the enemy of your financial success |
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