Paul K, Esq. : Hello, my name is XXXXX XXXXX I would love to assist you. Give me a moment to research your issue and I will answer promptly.
Paul K, Esq. : Thanks for the questions.
Paul K, Esq. : There is alot here, so let me try to answer them one by one.
Paul K, Esq. : 1) Most districts have no interest on mortgage arrears in the plan, which is a huge benefit to a Ch 13.
Paul K, Esq. : 2) Car payment interest is usually able to be reduced to what is called the Till rate, or approximately 4-7%. So if you have a 19% interest rate, it can be lowered in the Plan.
Paul K, Esq. : 3) If the taxes are non-priority, there is no interest that I know of, as it is an unsecured general claim.
Paul K, Esq. : 4) You dont have to stretch the car payment if you dont want. I regularly set the payment on the car for 2-3 years.
Paul K, Esq. : I think that is all your questions, so if you have any other please let me know!
Paul K, Esq. : I will be on a bit tonight and most of the day tomorrow, so please allow me time to get back to you if you have more questions.
Paul K, Esq. : I look forward to helping you in this matter and I wish you luck.
Paul K, Esq. : Have a great night!!!!