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Woohooo plan confirmed today

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    Woohooo plan confirmed today

    Our confirmation hearing was this afternoon and when I emailed our attorney she said our plan was confirmed. I am so happy and relieved. The Trustee had initially requested documentation for all of our expenses. I had actual receipts for 5 out of the 6 months and bank statements for the rest we inindated them with paperwork. (my attorney was so suprised that we kept such a good record of everything.) Here is the run down:

    1st mortgage - 1580. paid outside the plan
    1st car payment 490 outside plan
    2nd car payment 380 outside plan
    2nd mortgage - 50K lien stripped (now unsecured)
    addtl unsecured debt - 134K

    Plan payment - 700.00 per month for 60 months 4 down 56 left!!! Now to stay under the radar and get through it.
    Filed 2/3/09
    341 Meeting 3/31/09
    Motion to value 2nd hearing 5/7/09 motion granted
    Confirmation hearing 6/4/09 - CONFIRMED

    #2
    yahooo! for you!!
    I guess the trustee didn't realize you were a bkforum member and knew to keep your reciepts. You got your 2nd stripped! Does that mean you don't have to pay it, they are out of luck?

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      #3
      The 2nd becomes unsecured and will be paid the same as the other unsecureds. At the end of plan 60 months the balance will be discharged with everyone else!
      Filed 2/3/09
      341 Meeting 3/31/09
      Motion to value 2nd hearing 5/7/09 motion granted
      Confirmation hearing 6/4/09 - CONFIRMED

      Comment


        #4
        Nice, now there is a modification plan that works!!

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          #5
          WhoooHoooo!!!!! Congrats on getting your plan confirmed and your stripping your 2nd mortgage!!! Now stay under the radar for another 56 months and you'll be good to go...


          Question: Did you have to reaffirm anything?!?
          May 2008 Hired 1st Attorney/Stopped paying CCs
          May 21, 2009 Retained 2nd Attorney
          May 28th - Filed for Ch 7 (FINALLY!)
          9/11/09 - DISCHARGED!!!!

          Comment


            #6
            thanks Liz - I did not reaffirm anything.
            Filed 2/3/09
            341 Meeting 3/31/09
            Motion to value 2nd hearing 5/7/09 motion granted
            Confirmation hearing 6/4/09 - CONFIRMED

            Comment


              #7
              Yeah! Good for you!
              over $100K cc debt,$20K taxes,$332K mortgages/value $190K,surrendered
              Confirmed, $801/month 56 down,4 to go

              Comment


                #8
                Welcome to Club 13!

                (Chapter 13 debtors do not reaffirm, because they are technically in a pending bankruptcy.)
                Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
                Status: (Auto) Discharged and Closed! 5/10
                Visit My BKForum Blog: justbroke's Blog

                Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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