My last day for creditors to file has come and gone. There were 2 that did not.
I thought that may put me in position to get things done in less than 60 months.
I am puzzled that my entire mortgage balance is listed as a secured debt, and not just the arrears. FWIW, my mortgage statement now shows the amount of arrears, and how much has been paid.
I do not know if this will allow me to get done early, because I will not be paying off the loan through my plan. I am paying the mortgage separate from the plan, and the plan is taking care of the arrears.
Another point of my curiosity concerns both the IRS and Oregon DOR. They list an amount as priority debt, but are claiming a higher total. While I see the extra as fees and interest, will they collect the additional amount before any unsecured creditors begin to get paid?
My hope was to get done with payments (pay everyone back) before 60 months, but there is no way with that mortgage balance on there!
These are not causing a personal crisis for me, just questions on things I do not know.
It may sound silly, but this whole process is changing my life for the better. I ended up in BK because of gambling every penny I could put my hands on.
The BK prompted me to get into counseling for gambling disorder and budgeting my income. It helped me make the decision to turn away from gambling and alcohol consumption. It is a daily struggle, but I have won a few battles in the early stages of this war.
How early, you ask? 2 payments down, only 58 to go.
I thought that may put me in position to get things done in less than 60 months.
I am puzzled that my entire mortgage balance is listed as a secured debt, and not just the arrears. FWIW, my mortgage statement now shows the amount of arrears, and how much has been paid.
I do not know if this will allow me to get done early, because I will not be paying off the loan through my plan. I am paying the mortgage separate from the plan, and the plan is taking care of the arrears.
Another point of my curiosity concerns both the IRS and Oregon DOR. They list an amount as priority debt, but are claiming a higher total. While I see the extra as fees and interest, will they collect the additional amount before any unsecured creditors begin to get paid?
My hope was to get done with payments (pay everyone back) before 60 months, but there is no way with that mortgage balance on there!
These are not causing a personal crisis for me, just questions on things I do not know.
It may sound silly, but this whole process is changing my life for the better. I ended up in BK because of gambling every penny I could put my hands on.
The BK prompted me to get into counseling for gambling disorder and budgeting my income. It helped me make the decision to turn away from gambling and alcohol consumption. It is a daily struggle, but I have won a few battles in the early stages of this war.
How early, you ask? 2 payments down, only 58 to go.
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