Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do: (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.

Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Chase Reduced Bal to Zero?

  • Filter
  • Time
  • Show
Clear All
new posts

  • Chase Reduced Bal to Zero?

    I have an 8000.00 balance on a heloc with Chase. My original payment before bk was 22.00 a month.

    I just got a letter from them addresses to me and my atty that the balance is now 0.

    Principal and interest is 0.

    Why would they zero out the acct? They are secured creditor and are getting payments thru trustee?

    What does this do to my case, just give more to the other secured. Up the % to them?

    I'm a little confused but I hope this is a debt gone.

    I hope not bad news :-(
    ??? Thank you!!
    Discharge date: October 2017 (will it ever get here?)

  • #2
    Oh my gosh, I've been reading, thinking and dreaming that if the other second is forgiven (I am lien stripping two loans) and if they are both forgiven maybe I can convert now to a 7 or find another way to exit early. Oh to dream!!!!!

    Would that just be all end all? Lol I would die of happiness!
    Discharge date: October 2017 (will it ever get here?)


    • #3
      Will pinch yourself real hard or I could run over and do it for you. Congrats!!!, and damn I'm jealous. Fingers crossed the other lender does the same thing so you can convert and be done.

      I do believe that $22 will simply be distributed to the other claims within your 13 so there will be no savings on your trustee payment unless you are paying 100% back to the creditors.

      Little by little some things just start to line up, so keep the ship steady.
      11/23/'10-filed ch 13. 1/6/'11-341, confirmed. Below median. Plan completed 11/30/2015. DISSCHARGED 4/4/2016.JP


      • #4
        Oh Spidge I would just die! Things like that just don't happen for me. I have never ever never had a ship come in! The other loan is with the same lendor so I don't know if that makes my chances good or bad! Maybe good because now we know they are forgiving?? I don't know but I will be checking my mail box every day!

        You can come pinch if a second letter arrives. ;-). Fingers crossed, it would be the best thing in the world. On every level.
        Discharge date: October 2017 (will it ever get here?)


        • #5
          Hi DMC...
          Chase seems to be a very unusual creditor. For some reason they chose not to put in a claim on $20,000 worth of credit card debt for me. I was happy.
          I hope everything goes the way you want/need it to.
          Of course where would the 2017 club be without our leader
          Filed Chapter 13 - 07/20/12
          Discharged 8/2/16


          • #6
            Thanks Sophieanne! I think it is too much to hope for, if they only forgive the one loan it didn't mean much
            To me but if they forgive both, whole different ball game! :-)

            I wod miss ya!!!
            Discharge date: October 2017 (will it ever get here?)


            • #7
              Originally posted by sophieanne View Post
              Hi DMC...
              Chase seems to be a very unusual creditor. For some reason they chose not to put in a claim on $20,000 worth of credit card debt for me. I was happy.
              Chase never bothered to file POC on an amount of CC debt that was at least twice that amount over several of their credit cards that both my wife and I had with them. The greatest victory so far of my BK!

              Chase was part of a multi-bank DOJ mortgage settlement a few years ago. Maybe they finally got around to extinguishing your HELOC because of it dmc?
              Filed Ch 13 Fall 2013, 60 month plan


              • #8
                I think so switch! I just wish they would have extinguished both heloc and 2nd! Not greedy or anything ;-). It's just that it's doesn't do much accept give the other creditors (themselves) they are the other secured creditor, more money.

                It doesn't improve my situation at all unless I am understanding it wrong'

                It's all good!
                Discharge date: October 2017 (will it ever get here?)


                • #9
                  Ps every single creditor filed a claim in my case! :-) I told you, nothing in finance ever has been fortunate for me! Gah!!!!
                  Discharge date: October 2017 (will it ever get here?)


                  Unconfigured Ad Widget