I think should be ok for a chapt 7 but just in case I had a question about chap 13. Let's say I am on a 3 year plan paying the trustee $400 a month. And within a year into the plan, I pay off my second mortgage ($300 a month). Does that mean that my new disposable income is now $700 or do I get to keep the $300 a month?
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Most likely if you go into a ch. 13 plan with so little remaining on your 2nd, then you'll start with a plan payment of $700 and the 2nd will be paid off in the plan.Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
(In the 'planning' stage, to file ch. 13 if/when we have to.)
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