I filed a "Debtor's Motion to Value Property and to Avoid Wholly Unsecured
Lien".
The creditor is the IRS. The debt is 42k+. There is a general lien for 50K.
I paid all but 13,400 and the balance of 42k includes penalties and interest.
The proof of claim is 42+ unsecured general claim.
Here is what I think happens best scenario:
The debt is crammed down to the amount of my exemptions (because the IRS can collect on exemptions(?) and the balance above that is unsecured.
Is that correct?
Also, I'm curious about a hearing - the notice says that I have to submit further pleadings in writing at least one week prior to hearing.
If you are tempted to reply once again, that I should get an attorney, I'll remind you once again, I know that, the advice is redundant and I can't afford it. Thanks for any advice or for describing your court experience in advance.
Lien".
The creditor is the IRS. The debt is 42k+. There is a general lien for 50K.
I paid all but 13,400 and the balance of 42k includes penalties and interest.
The proof of claim is 42+ unsecured general claim.
Here is what I think happens best scenario:
The debt is crammed down to the amount of my exemptions (because the IRS can collect on exemptions(?) and the balance above that is unsecured.
Is that correct?
Also, I'm curious about a hearing - the notice says that I have to submit further pleadings in writing at least one week prior to hearing.
If you are tempted to reply once again, that I should get an attorney, I'll remind you once again, I know that, the advice is redundant and I can't afford it. Thanks for any advice or for describing your court experience in advance.
Comment