I filed Ch. 13 pro se in November and my plan was confirmed last month. Creditors have until mid-March to file claims. My question has to do with a Citifinancial loan that was backed my my car. The loan balance is approx. 14,000 but I crammed down the value of the car to $4,500 with no objection from Citi. So, $4500 is secured, the rest is unsecured. No claim has been filed yet regarding this loan.
I read in the Nolo book that it is wise to file claims for secured creditors who fail to file on their own. If I do that, should I only file a claim for the 4500 or do I need to file for the full amount (secured and unsecured)?
I am in a 100 percent plan but most creditors have yet to file claims. My understanding is that if the unsecured creditors don't file a claim, they don't get paid, right?
Thanks for your help
I read in the Nolo book that it is wise to file claims for secured creditors who fail to file on their own. If I do that, should I only file a claim for the 4500 or do I need to file for the full amount (secured and unsecured)?
I am in a 100 percent plan but most creditors have yet to file claims. My understanding is that if the unsecured creditors don't file a claim, they don't get paid, right?
Thanks for your help
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