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New laws and Motion to Lift Stay

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    New laws and Motion to Lift Stay

    I am glad I finally found this site. The mortgage holder on my house has filed a motion to lift stay. The judge has ordered a preliminary hearing on May 1st. He wants counsel to confer on the likelihood of a resolution, legal/factual issues, and time frame for a final hearing. The trustee objected to the creditor's motion as did my attorney. Does this mean we might have a chance at a stipulation or is it harder to get a stipulation now?
    My attorney says not to worry, it'll be ok. But he doesn't live in my shoes 24-7.

    Are stipulations/workout agreements still done for Chapter 13 MTLS or are those gone with the new law?

    #2
    Yes, it was possible in our case. We finalized the deal this week. It wasn't for our house, but for an 18 wheeler tractor. We got screwed royally in the deal, but at least we are keeping the truck for the time being.
    I used to have a life, now I have grandkids.

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