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: 17080
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

We have 4/5 months left on our chapter 13 plan (60 month plan).

This answer was rated:

We have 4/5 months left on our chapter 13 plan (60 month plan). We are in NC. Will a court approve a new mortgage loan? At this point would it be better to pay the bankruptcy off and is that allowed? We have found a lender that is has found a mortgage company that will give us a 4.5% interest rate, we just need court approval.

WALLSTREETESQ :

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

WALLSTREETESQ :

If you are this late in your completion the trustee would not have a problem with a modification,

WALLSTREETESQ :

you can write a letter to the trustee and ask him permission with the modification details,

Customer:

Will the trustee do that without having to have a hearing?

WALLSTREETESQ :

he may do it because you are almost done with the plan, typically,

WALLSTREETESQ :

you need court approval, and a modification of the chapter 13 plan,

WALLSTREETESQ :

if the trustee does not object he may make the process easier,

Customer:

ok. Thank you

WALLSTREETESQ :

good luck, and if you have any further questions please do not hesitate to ask

WALLSTREETESQ :

If satisfied please provide us with positive feedback.

Customer:

Thanks again. Have a good week. We will provide positive feedback!

WALLSTREETESQ and 2 other Bankruptcy Law Specialists are ready to help you