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Surrenduring residence in a proposed plan, but lender objected to arrears

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    Surrenduring residence in a proposed plan, but lender objected to arrears

    If a debtor proposes to surrender the residence in a proposed Ch 13 plan, but the lender objects to the plan because the lender wants the arrearages paid special through the plan, is the lender's objection legitimate?

    The plan proposes to pay back unsecured creditors less than 100% but all of the disposable income. There are no secured creditors to pay and debtor will be finding a place to rent once the house is surrendered.

    #2
    Sounds like the lender didn't read the part about surrendering the home in the plan. Straight forward goof up it appears...
    Filed Chapter 13 02/2006 - Confirmed 05/2006 - Discharged 09/2011
    I'm not an attorney. My replies are merely suggestions or observations, not legal advice. As always, consult with an attorney before making any decisions.

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