Our confirmation hearing is October 8. I have a payment due tomorrow, October 2. My husband had a stroke last October and is stuggling to work as a teacher. He can take early retirement, but his income would drop from $2400 per month to $700 per month. We are about 5 months behind on our house - 12% interest and no equity. Do you think it is possible to convert to a chapter 7 and give up the house? The trustee is holding two payments that have not yet been dispursed totaling about $7000. What would happen to this money if we converted to a chapter 7? Should I make another payment to the trustee tomorrow? Any advice would be appreciated!!
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