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Met with atty...YAY! We're converting to Chapter 7 end of April!

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    #1

    Met with atty...YAY! We're converting to Chapter 7 end of April!

    What a relief! I am so relieved! We got into a 13 to pay mortgage arrears and try to strip the 2nd mortgage. We worked out a loan mod that capitalized the arrears and we weren't able to strip the second (although we do have a stipulation lowering the interest and monthly payment, which is still binding in a discharge, dismissal or conversion). So there was no reason for us to be in the 13. I'm so relieved...now on to reading about Chapter 7--new 341, timelines, etc!!

    Jenn
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    #2
    Awesome! Welcome to the Conversion Club!
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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      #3
      Hi Jenn,

      Just curious, why weren't you able to strip the second and how long did it take to determine you couldn't do it? Were the 1st and 2nd with the same company and were you paying the second inside or outside your plan?
      Filed Chapter 13 with lien strip on 2-28-11 * 341 held on 3-30-11 * First confirmation hearing held 4-20-11, continued until 5-25-11, continued until 6-29-11, continued until 8-10-11. Plan finally confirmed on 8-10-11!!!

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