ch 13 - DO YOU HAVE TO BE PAST DUE IN ORDER TO FILE
CHAPTER 13
DO YOU HAVE TO BE PAST DUE - IN ORDER TO FILE?
DO YOU HAVE TO BE PAST DUE - IN ORDER TO FILE?
-
-
No.
But if your finances are a mess (like most of us before deciding to file) you may want to work with your attorney to time your filing and payments leading up to filing. Your attorney will probably advise you to stop paying credit cards/unsecured debt - start paying expenses/groceries/bills from cash/checking. And you may be able - again with the advise of your attorney - to hold back some mortgage payments to cover attorney fees and other areas you have neglected. (Such as if you have home/car maintenance that needs to be done, or have medical/dental needs you have put off.)Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
(In the 'planning' stage, to file ch. 13 if/when we have to.) -
No. But which chapter? If youre filing a 7, then the sooner the better. If you're filing a 13, then you have time on your side... except if your income is low. In a 13 you need to be able to make the monthly payments to the trustee, and the longer you wait with a mortgage, the more the payment goes up.Originally posted by Bkq View PostCHAPTER 13
DO YOU HAVE TO BE PAST DUE - IN ORDER TO FILE?Comment
Comment