ok I need to file for chapter 13. The only secured debt I have is two car loans that we need to keep. We are behind 2 months on both and the interest rate is 21-23% on both. They are both 3 year loans with one having 30 months left and the other haveing 21 months left, so the 910 rule does not apply.
Questions.
1.) Can I include the both car payments to be paid by the trustee in the plan as long as the balance of both cars are paid in full by the end of the plan?
2.)How do I go about getting the interest reduced to something like 6%? Do i need to file a motion or do i just stipulate the reduction of interest in the plan?
3.)The plan asks for the interest rate of the secured loan in it, do I place the current interest rate or the one I want it at?
I have looked all over the forums and cannot find my exact situation, thanks for any help.
Questions.
1.) Can I include the both car payments to be paid by the trustee in the plan as long as the balance of both cars are paid in full by the end of the plan?
2.)How do I go about getting the interest reduced to something like 6%? Do i need to file a motion or do i just stipulate the reduction of interest in the plan?
3.)The plan asks for the interest rate of the secured loan in it, do I place the current interest rate or the one I want it at?
I have looked all over the forums and cannot find my exact situation, thanks for any help.
. FWIW most attorney fees can be put into the plan and paid out that way, over time. Make sure you read the NOLO book in its entirety as Ch. 13's are more difficult that Ch. 7's.
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