I accidentaly posted this in "mortgage after BK" A year ago the trustee said he would sell my house so I just stopped making payments thinking that no matter what I would get my full exemption and no more cause I'm sure the trustee would find some way to keep anything left, over my exemption. I am now wondering if the trustee could say that the payments I did not make could count towards my exemption. In other words, If my exemption is 75,000.00 and I did not make 10,000.00 worth of payments after I filed would my exemption be reduced to 65,000.00?
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Originally posted by sol1899 View PostIf my exemption is 75,000.00 and I did not make 10,000.00 worth of payments after I filed would my exemption be reduced to 65,000.00?
As far as not making mortgage payments affecting your exemption, there's no connection there. Your bankruptcy estate is set on the day you file. Anything that happens after that like not paying your mortgage doesn't count. Ask your lawyer to make certain that's the case in your state, of course.Last edited by lrprn; 06-20-2007, 08:57 AM.I 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
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