If I surrender the house under a Ch13, do my PLAN payments stay the same?

cmccarrick

Junior Member

Joined: Nov 2012

Posts: 2

State: North Carolina
#1

If I surrender the house under a Ch13, do my PLAN payments stay the same?

11-06-2012, 09:51 PM

I am so confused.
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LadyInTheRed

Senior Member

Bankruptcy Guru

Joined: Dec 2009

Posts: 7718

State: California
#2

11-06-2012, 10:14 PM

It depends. How does your mortgage and other home ownership expenses compare to rents in your area?

LadyInTheRed is in the black!
Filed Chap 13 April 2010. Discharged May 2015.
$143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!
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despritfreya

Senior Member

Bankruptcy Mentor

Joined: Aug 2010

Posts: 3701

State: Private
#3

11-07-2012, 04:04 AM

Originally posted by LadyInTheRed View Post

It depends. How does your mortgage and other home ownership expenses compare to rents in your area?

And. . .

What were the arrears that were being paid through the Plan as the funding for the arrears, to the extent not already paid to the creditor, can be removed.

Des.
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