I filed for Chapter 7 in late February, 341 scheduled for early April. No assets, discharging $77k worth of CC, keeping car and house. I'm reaffirming car loan and primary mortgage plus two HELOCS (not underwater). I'm employed and current on all secured debt. I've read the pros and cons of reaffirming and discussed them with my atty and have chosen to reaffirm.
Got a notice on one of the HELOCS yesterday that it matures on July 25 (10 years after the note was signed) and the full $5,400 will be due at that time. (It was probably sent before they got notice of my filing.) The note lists the draw period as 10 years but the blank next to maturity date doesn't list a date.
I've sent an e-mail to my atty about it but am wondering how this sort of thing gets handled in a BK. My discharge date will be around July 31 if all goes well.
Kind of a bizarre situation, no?
Got a notice on one of the HELOCS yesterday that it matures on July 25 (10 years after the note was signed) and the full $5,400 will be due at that time. (It was probably sent before they got notice of my filing.) The note lists the draw period as 10 years but the blank next to maturity date doesn't list a date.
I've sent an e-mail to my atty about it but am wondering how this sort of thing gets handled in a BK. My discharge date will be around July 31 if all goes well.
Kind of a bizarre situation, no?