Hello again,
Well, I think it is finally happening. The bank sent us foreclosure warning. It was not sent certified or anything. The renters are moving out, and we will keep the dwelling insurance on the property, but not pay anything else.
So, not sure what we need to do? If we file BK after 12/25, if we go to Ch 13 (which I think we will) we would be able to "cram down" the car we have.
So we should stop paying all other unsecured things now??? We are in a credit counseling repayment plan, I am kinda sad as we would have 3 yrs probably on that, and will be in a 5 yr payout with Ch 13. But, hopefully, at least we will be paying a lot less than we are now.
Thanks for any help. Just feeling kinda sad now.
Lynn
Well, I think it is finally happening. The bank sent us foreclosure warning. It was not sent certified or anything. The renters are moving out, and we will keep the dwelling insurance on the property, but not pay anything else.
So, not sure what we need to do? If we file BK after 12/25, if we go to Ch 13 (which I think we will) we would be able to "cram down" the car we have.
So we should stop paying all other unsecured things now??? We are in a credit counseling repayment plan, I am kinda sad as we would have 3 yrs probably on that, and will be in a 5 yr payout with Ch 13. But, hopefully, at least we will be paying a lot less than we are now.
Thanks for any help. Just feeling kinda sad now.
Lynn