Join the 9 million people who found a smarter way to get Expert help

Recent bankruptcy law questions

A question concerning a modified Chapter 13 plan I am

A question concerning a modified Chapter 13 plan I am working on (Pro Se): At my recent 341 meeting, the trustee told me that they do not pay interest on mortgage arrearages and therefore I would need to modify the plan. I have replaced the originally proposed interest rate and changed it to 0% on the plan form. Within that section of the form, I also have listed secured debt that I owe to my condominium association. The association has obtained judgments for the debt - awarded at 6%. Are they entitled to be paid this interest within the plan? (I did have the debt listed - with the 6% interest - right underneath the mortgage arrearage debt w/ interest and at the 341 meeting the trustee said nothing about the association debt not being paid with interest - only the mortgage arrearage....so I probably could assume it's o.k. as it is but am just double-checking).

Read more

DrakeLAW

Juris Doctorate

 
300 satisfied customers
We had a bankruptcy (Chpt 13) that went over a year past the

We had a bankruptcy (Chpt 13) that went over a year past the 5 year plan with no end in sight. How do I get answers as to what went wrong?

Read more

Terry L.

Partner

Doctoral Degree

 
2,832 satisfied customers
I am finishing up with a divorce,I have settled my property

I am finishing up with a divorce,I have settled my property and debt issues with my ex. Unfortunately the divorce took its toll on my personal finances and credit card balances. Before the divorce I had a credit score of 780 and never had a late payment in over 35 years. I had to use my credit cards to pay for lawyers, living expenses and legal fees. All in all they now total some $50,000 for credit card and legal fees. I have car loans for myself and my son totaling about $20,000.My alimony wit child support was about $4500 a month it is now $1792 a month. I am only making payments on the basics, car loans, insurance, food etc. I was making less than minimum payments on my unsecured debts and CC's. I had to stop last month. I am going back to court on February 23 to ask for an increase in support. even with an increase it will be hard to make payments and have a life. Therefore I am giving bankruptcy a look at and need to know "when" I should file and which might be better to file chapter 13 or 7. I know with chapter 13, I can apply for a home loan as soon as the court ordered payments have been paid off. With chapter 13 I will have wait I believe two years.Thank you

Read more

Phillips Esq.

Attorney

Juris Doctor

 
16,564 satisfied customers
Chapter 13 question. the debtor received a Chapter 7 discharge

Chapter 13 question. the debtor received a Chapter 7 discharge July of 2013. she has again gotten in trouble with unsecured debt but is also facing foreclosure and has incurred significant unpaid tax debt. the debtor is well under the median. She doesn't have enough to pay the tax debt and the unsecured and the arrears on the home. can she file and get confirmed a plan which only addresses the arrears on the house and places her car in the plan but does not address unsecured and taxes?

Read more

DrakeLAW

Juris Doctorate

 
300 satisfied customers
I have a question about paying a chapter 13 filing fee

I have a question about paying a chapter 13 filing fee inside a chapter 13 plan. The chapter 13 bk filing fee is $310. Can this ever be paid as part of a chapter 13 plan payment? That makes it really affordable over 60 months. Utah bk judges seem to demandthis payment be made within 30 days after filing

Read more

 
52 satisfied customers
I bought a 2nd mortgage lien at a significant discount because

I bought a 2nd mortgage lien at a significant discount because it was non-performing. There is equity to cover my lien. The borrower filed BK Ch 13 on 3/2015. I checked on PACER and saw that they have a confirmation hearing on 9/9/15. I wasn't part of the list of creditors. What can I do now to protect my interest?

Read more

TJ, Esq.

Juris Doctor (JD)

 
10,088 satisfied customers
I live in South Carolina and my wife and I have combined income

I live in South Carolina and my wife and I have combined income of $85000 for a family of 4. We have about $60000 in credit card debt. We are current on all our bills but after a reduction in income about six months ago we will soon not be able to keep up. Is Chapter 13 an option and what kind of repayment plan would we be looking at for all of this unsecured debt.

Read more

TJ, Esq.

Juris Doctor (JD)

 
10,088 satisfied customers
I have a 2nd note secured by real estate. The borrower filed

I have a 2nd note secured by real estate. The borrower filed a chapter 13 bankruptcy last year that I just found out about. It was mainly a tactic to keep the 1st lender from foreclosing. He has not disclosed my debt to the court. Will I jeopardize being able to enforce my debt later if I don't inform the court now? There is little equity in the property and it will benefit me if his plan is approved and he saves the property. If I do something now and his bankruptcy case is ended because I blew the whistle on him, I lose anyway because the bank will sell the property. I am on the horns of a dilemma.

Read more

Terry L.

Partner

Doctoral Degree

 
2,832 satisfied customers
Circumstances under which a Bankruptcy Court (Federal) may

Circumstances under which a Bankruptcy Court (Federal) may potentially annul a Divorce related (PSA and/or Custody/Parenting Agreements) signed at a State court?Thanks.

Read more

Terry L.

Partner

Doctoral Degree

 
2,832 satisfied customers
View more bankruptcy law questions

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
    Pay nothing to your Expert if you're not satisfied.

In The News