Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Are the mortgage payments included in the Chapter 13 plan, or are the mortgage payments being made separately from the plan?
We are not sending them to our trustee, just mailing them to our mtg. co.
Our payments to our trustee do not include anything towards our mtg, accept to pay an small escrow shortage.
During the foreclosure, where we don't make the mtg. payments, that money will be used to move. (The foreclosure process takes up to a year?) At what point, does our BK plan have to be modifed? Is it only after we are relocated and have our new expenses?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).