I would strongly recommend getting the 2nd course out of the way now so you and your lawyer don't forget to take care of it at the end. Some of us did the 2nd course prior to confirmation. One less thing to worry about at the end if you take care of it now. Good luck!

The reason for the informal 10% rule is because the trustee has to file a motion to modify plan and it's likely the debtor's attorney will request a hearing to show increased expenses as well so no chance the trustee will get all of what he wants. Just having the tax return doesn't do anything to change...

You're right. It doesn't matter because you are in a 100% plan. BUT.... there is a chance your lender might put their legal fees for the lawsuit into your arrears because you are challenging the amount of the proof of claim. Every Chapter 13 filer with a mortgage will accrue legal fees of around $1k...

How do you plan to keep the lawsuit proceeds from being seized by the trustee? There doesn't seem to be a way for you to protect lawsuit proceeds in Georgia since this isn't a personal injury case. The trustee isn't going be nice and let you keep any settlement unless there is an applicable bankruptcy...

Zombie13

It's determined by the lender. The trustee sends the lender a form to fill out that states whether you are current or not and whether you cured all of the arrearages. Most lenders will give you until the 29th of the month after the due date and still be current (<30 days late)...

QuinnReilly

1) There is no such thing as leaving the mortgage and car loan out. You may pay direct instead of conduit, but it's still part of the plan. In fact, the trustee will check to make sure your mortgage is current after your final trustee payment or you lose your discharge. So the...

eap82
My plan is 1%. I think you'll be fine with 11%. If all you can afford is a small amount for credit cards after expenses, car, and house, it is what it is.

Yes, as long as you have no post-petition missed mortgage payments and no post-petition credit lates....

There is no hard and fast rule as far as whether your mortgage payments are direct pay or a conduit plan via the trustee. It is trustee and district dependent. If it is direct pay, your mortgage is direct pay except for arrears. If it is a conduit plan, you pay the entire mortgage and the arrears to...

I'm not 50 yet and I've already decided that my forever home has to be one story. My current house is one story so it should be my forever home. I will be installing ramps and doing a handicap friendly bathroom remodel over the next 15 years.

I can not fathom the folks who are buying...

It's pretty standard for 100% payback debtors to keep their tax refunds for the entirety of the case. I suppose that means those debtors paying back 100% don't need to submit tax returns in some districts.

So are we talking about chapter 13 cases with less than 100% payback? It makes sense...

Let me say as plainly as possible that your trustee sucks. I'll nominate him for the worst chapter 13 trustee in the country....

I spent months saving for it. Never saw financing as a viable solution since no mainstream creditor will not preapprove me on unsecured cards. It went out in July. Saved up until November. We had two portable A/C to gut it through. I would not recommend portable A/C as a long term solution. Replaced...