I was going to ask this on a couple of other threads, but didn't want to hijack, so I thought I would start a new one.

Anyway, I am preparing myself for the worst, which would be a 36 mo. chapter 13 (because, we are under median for the 7). I plugged in all of the income (incl. my SS...

Our chap 13 was just confirmed this week. Our plan is NOT a 100% plan but with children and what we're confirmed at monthly, it'll be very difficult for us month to month. I'm just glad to be confirmed because it took 4 months. My questions are:
1. How often does the Trustees look/audit our income/expenses....

I am very troubled by a motion filed to deny our Chapter 13 petition. Just before our 341 meeting, I was fired from a part-time job that helped us with our expenses. Now, we get this letter from the trustee about a motion to deny our petition even though we have another job to replace the income we...

I apologize in advance because this post will get a little technical.

http://www.cob.uscourts.gov/opinions...891opinion.pdf

You read that right, cram-down on 2nd mortgage. Interesting new (revised) strategy emerging for dealing with 2nd mortgages on primary residence. Since...

Hi all:

Im still learning about the whole BK process and all. I filed Chpt 13, hours before my Foreclosure Sale April 6th. From my understanding everything stopped. I received a letter from my mortgage's attorney and I sent them the BK documents. Last week I received a summons from...

Heres is my financial situation:

INCOME NET MONTHLY
HUSBAND 4,667
WIFE 2,981
TOTAL 7,648

DEBT EXPENSES
1st Mortgage $164,000, valued at 150,000 Pmt $1400
2nd Mortgage $95,000 pmt $400
3rd Mortgage $35,000...

I don't think I am going to qualify for a chapter 7 although I can't pay my debt due to a loss of income. My attorney has been waiting to file until we qualify but in the meantime, i am suffering.
I saw in some places on the Internet that everyone has the right to convert. Is this the case?

Ok heres what happened..2 years ago my husband came into a large sum of money 80K....well we NEVER had money in our lives, so what did we do, we spent it FOOLISHLY! gambling, overnight trips, and about 30K in sensible spending. my question is this, we are now once again BROKE...for one year we lived...

Here's my story...I bought a home with my ex (fiance at the time) about 5 years ago in Michigan. The original mortgage was for $85,000 with no money down. My ex was listed first on the home and I was the co-signer. The bank told us that in order to purchase the home, I needed to be the co-signer....