top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Conversion CH.7 to CH 13 question

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Conversion CH.7 to CH 13 question

    So , Unfortunately , had to convert from a 7 to a 13 due to too much equity in house . The question I have is , has anyone had their initial 13 plan payment changed due to amount of unsecured claims submitted . I had $56k in unsecured debt and only $35k of that was claimed by creditors . Confirmation hearing is set for the 27th of July , which will be continued , from what my Attorney told me .

    #2
    I believe the single largest dependency regarding the payment hinges upon whether you're in a 100% plan.
    Chapter 13 (not 100%):
    • Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank cum Bank of Southern California
    • Filed: 26-Feb-2015
    • MoC: 01-Mar-2015
    • 1st Payment (posted): 23-Mar-2015
    • 60th Payment (posted): 07-Feb-2020
    • Discharged: 04-Mar-2020
    • Closed: 23-Jun-2020

    Comment


      #3
      Yes , it is 100% plan

      Comment


        #4
        I've seen 100% plans where not all creditors made a claim go two ways:
        1. Lower payments
        2. Shorter duration of the plan.
        I suppose it might also stand to reason both of the above are possible depending upon how much is owed.
        Chapter 13 (not 100%):
        • Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank cum Bank of Southern California
        • Filed: 26-Feb-2015
        • MoC: 01-Mar-2015
        • 1st Payment (posted): 23-Mar-2015
        • 60th Payment (posted): 07-Feb-2020
        • Discharged: 04-Mar-2020
        • Closed: 23-Jun-2020

        Comment

        bottom Ad Widget

        Collapse
        Working...
        X