I hear your "the man" when it comes to Chapter 13
If you have a minute, can you review my post and reply to it if you have any helpful info??? I could REALLY use the help.
Thanks -Nick
http://www.bkforum.com/showthread.ph...869#post266869...
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Hi JustBroke,
I hear your "the man" when it comes to Chapter 13
If you have a minute, can you review my post and reply to it if you have any helpful info??? I could REALLY use the help.
Thanks -Nick
http://www.bkforum.com/showthread.ph...869#post266869... -
Sorry so long to respond. The system never sent me an email indicating someone posted to this blog.
You can change the interest rate over the course of your Chapter 13. You can apply the so-called Till rate, so could easily get it down to 8% or so. I did just that on my vehicle purchased... -
Hi justbroke,
My husband and I too have filed a ch. 13 pro se (1/8/09). I have a question about the cram down on the vehicles. I know for vehicles purchased over 910 days prior to filing, you can cram down the value & propose the Till rate. However, I just purchased a car in November... -
Doesn't quite work like you wrote albacore. What happens is that the 2nd that was stripped, becomes part of your unsecured debt. How much you pay of it, is based on your projected disposable income and what percentage you pay to your unsecured creditors.
In my case, I'm paying 2% to unsecured... -
Ok, so that being said, were you required by the trustee to put the amount of what you would be paying monthly to that 2nd, into your 5 year plan ?? The attorney i consulted said it would be required. -
Yes. The most important part of lien stripping is proving that the value of the property is less than the balance on the first mortgage (lien)!
Many people will just get a Competitive Market Analysis (CMA) from a Real Estate Agent, or run some on-line Electronic Appraisal, or worse...... -
Interesting..............Did you pay for a professional appraisal as noted on the motion, and did it come in below the value of the Lein ?? I have been contemplating this as My HELOC is a whopping $240K interest only with HSBC. not sure if i could get my house to appraise low enough to erase the $2... -
Pro Se - Case Management
My case file organization!!! Thought I'd share my filing system for other people who may attempt pro se.
I have a well organized directory structure on my PC. I back it up DAILY as I have filed pro se and my entire case and history are there.
Here's how I have mine... -
Reposession when filing Chapter 7, usually occurs after discharge. it's just more convenient. However, the lender will usually file a motion for relief from stay prior to coming for the car... just to make sure all the paperwork is good.
If you're up to date, they may not even reposess... -
any a chapt 7? while on that HOW long can I keep the car after I file, right now the loan is UTD but decided to include it and just buy elcheapo for now, I heard the car is not repoed until after discharge is that correct? need to know asap! thanks -
Valuation of Collateral
Valuation of Collateral is a powerful tool within the Bankruptcy process. This allows a Debtor to reduce a secured claim amount to the actual value of the collateral which secures it.
What does all that mean? Simply, wouldn't it be nice to pay the market value of your car, instead of... -
Working with Creditor Attorneys
Yes, that's right... I said it! Actually working with creditor attorneys, especially when they file responses to your claim objections, objections to confirmation, and possibly even filing motions for relief from stay.
The key here is that if you want a plan that works, and that doesn't... -
DUMBAGAIN, I personally don't find it difficult. What you need to have, though, is a really good ability to research and to do lots of reading. Case research and decisions in your District and Circuit Court of Appeals go a long way.
If you have the aptitude for wanting to learn and to... -
This is good information, JustBroke. How difficult would you say filing Pro Se has been for you? Did you follow any books like Nolo Press? -
Pro Se - Advantage or Not?
So, as a pro se filer, I've noticed that the Judge in my case is very nice to me. She actually goes out of her way to ensure that I understand the proceedings and is always cheerful when addressing me in open court. Well, I learned earlier, but didn't understand until now, that the Court must treat...