Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
My concern is not so much with the lender, they have already sent me a notification indicating that they have suspended any sale while they are reviewing my loan modification process,
but I would like to stop all the calls that I get and this newly received information subpoena, that I received -
I just want to be sure that conversion from Chapter 13 to Chapter 7 is possible and not unprecedented.
I also don't know that I want to spook my mortgage company with a BK filing - I'm trying to go for a Making Home Affordable Modification.
I also wanted to find out how long can we stall the Chapter 13 to allow
the mortgage company to come to a decision,
they actually said they would be making a decision within 30/45 days
The loan is with Ocwen,
I'd like to stay in the 13 until their decision is made
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).