We are in California. Also 13, not currently discharged. Quick Loan Funding wasted our time for 2 months when they really knew they couldn't help us. We have over 200k in equity! Time is of the essence because we were late again because we thought we would have another loan. We can afford 13 payments but, like most schools, our revenue is cyclical. Please help.
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(I moved your post here into its own thread, SchoolHouse - this way you'll get better answers for your questions and not hijack attention from AnnieG's question. -lrprn)
Welcome to BK Forum! Just a couple of quick questions for you....do you have a balloon mortgage that has increased your payments so you can't make your mortgage payments? It sounds like you may have already missed a payment - have you? Has something else happened that pushed your finances near the edge recently? Assuming your trustee gave permission to seek out refinancing, have you talked with your lawyer to see if filing an amended Ch 13 plan is a possibility?Originally posted by School_House_BK View PostI am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go -
Our payments have not increased. We missed July & the August payment that was due on the 10th and our Attorney said that the private investor lender had requested all arrears within 24 hours. We had not received prior requests prior to this 24 hour period. Our clients were a little late in making payments to us during the summer which caused us being late. We personally gave their attorney 95% of the arrears and promised the rest tomorrow (due to going to the 2nd bank and it was closed).
They said they already filed a motion for "relief of stay" as of 5 p.m. today. We have had a lack of communication with our attorney - we did not realize we had a 5 p.m. deadline.
The Attorney did accept the (95%) cashier's check but could not promise anything. We read the forums and noticed Guru's saying if they accept payment then they can't proceed with a "relief of stay" - is this true? How would the judge know that this 95% was paid today before he makes a decision on the motion?
Prior to this late payment, my trustee said I can refinance if we can find a mortgage lender.
How do we look DOC?Comment
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