Hi Guys -
I am about ready to pull the trigger on our bk.
I have an issue, do to an injury and the loss of that income ( I am self employed ), we have fallen late ( 2 months ) on our mortgage.
We are in Massachusetts and pass the means test with flying colors ( about 10K below median ).
We are back on our feet and plan to keep the house ... Do we do a Ch 13 or borrow $$ to get current on the mortgage and still do a chapter 7 ?
If we did a Chapter 13 to spread out the late mortgage payments ... How would they calculate our payments if we are very negative every month ??
Thanks !!
I am about ready to pull the trigger on our bk.
I have an issue, do to an injury and the loss of that income ( I am self employed ), we have fallen late ( 2 months ) on our mortgage.
We are in Massachusetts and pass the means test with flying colors ( about 10K below median ).
We are back on our feet and plan to keep the house ... Do we do a Ch 13 or borrow $$ to get current on the mortgage and still do a chapter 7 ?
If we did a Chapter 13 to spread out the late mortgage payments ... How would they calculate our payments if we are very negative every month ??
Thanks !!