I had my Meeting of Creditors yesterday. No creditors attended and the trustee was helpful and kind. I am filing with out an attorney so I am very relived that I can ask questions and get clear answers. He was very complimentary about my paperwork. I told him I used this web site and the Nolo Book.
I do have one BIG hurdle in front of me. It is THE DREADED BANK OF AMERICA COMPLETEING A LOAN MODIFICATION!
My confirmation hearing is in 3 weeks. My challenge in my plan is the arrears I owe on my first mortgage. I need to get a letter from the bank stating that they will include the arrears in the principle if/when they complete a modification and that I don't need to pay the arrears in the Chapter 13 plan. I know that it is unlikely that they will get a modification done before my hearing. Any thoughts on a letter that would satisfy the trustee and would be acceptable to the bank?
My trustee said that he would not confirm the plan as is. Here are the options that he gave me to have more time to work with the bank. Once the plan is denied - I have two weeks to resubmit a new one. Can I do this more than once? Will it take another month to get a new hearing so I will have more time? He also said that I can ask for a continuance. They are not common. This seems to be my best option to buy time to work with the B of A. How do I do this? I know I will do this at the hearing, what does the judge need to be able to give me a continuance?
I am very thankful for all the help I have gotten from this forum. Thank you!
I do have one BIG hurdle in front of me. It is THE DREADED BANK OF AMERICA COMPLETEING A LOAN MODIFICATION!
My confirmation hearing is in 3 weeks. My challenge in my plan is the arrears I owe on my first mortgage. I need to get a letter from the bank stating that they will include the arrears in the principle if/when they complete a modification and that I don't need to pay the arrears in the Chapter 13 plan. I know that it is unlikely that they will get a modification done before my hearing. Any thoughts on a letter that would satisfy the trustee and would be acceptable to the bank?
My trustee said that he would not confirm the plan as is. Here are the options that he gave me to have more time to work with the bank. Once the plan is denied - I have two weeks to resubmit a new one. Can I do this more than once? Will it take another month to get a new hearing so I will have more time? He also said that I can ask for a continuance. They are not common. This seems to be my best option to buy time to work with the B of A. How do I do this? I know I will do this at the hearing, what does the judge need to be able to give me a continuance?
I am very thankful for all the help I have gotten from this forum. Thank you!
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