Hi everyone! Hubby and I are seriously contemplating a Chapter 7. If we do it, we will file before 10/17. I was penciling my expenses out and have a question.
Our mortgage payment is going down $485 per month December 1. Should I report my current payment, or the new payment since it will be so much less so shortly after filing - assuming we do?
2nd question - We are behind on our auto payments. If we catch those up in September prior to filing, is that an issue? I have read some about preferential payments, but not sure if it applies to secured loans.
Our mortgage payment is going down $485 per month December 1. Should I report my current payment, or the new payment since it will be so much less so shortly after filing - assuming we do?
2nd question - We are behind on our auto payments. If we catch those up in September prior to filing, is that an issue? I have read some about preferential payments, but not sure if it applies to secured loans.