How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask WALLSTREETESQ Your Own Question
WALLSTREETESQ
WALLSTREETESQ, Attorney
Category: Bankruptcy Law
Satisfied Customers: 17222
Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
16356563
Type Your Bankruptcy Law Question Here...
WALLSTREETESQ is online now
A new question is answered every 9 seconds

ok i list all creditors and a new one, an old land foreclosure

This answer was rated:

ok i list all creditors and a new one, an old land foreclosure coming for its money, i can manage all old debts but this foreclosure debt is too much, so can i just list the foreclosure as not payable whatever

Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarification.

You would list the old debt, however in a chpater 13 you have to make a payment plan for all your debts, the plan is dependant on how much excess income you have monthly after paying all your monthly expenses, so if your excess is $200 per month, you would have a payment plan for all your creditors of $200 over 60 months,.

If you do not have any excess income monthly consider a chapter 7, and discharge all your debts without any payment plan.



WALLSTREETESQ and 2 other Bankruptcy Law Specialists are ready to help you
Customer: replied 4 years ago.

in a ch 13 br do a pension plan and social security get used for the


payment if thats what you have coming in.

Yes, you would have to include it as monthly income and money to pay your creditors.
WALLSTREETESQ and 2 other Bankruptcy Law Specialists are ready to help you