Hello all. We filed a Chapter 13 two years ago come May, and we are in a 3 1/2 year plan (first it was a 36 month, then additional creditors showed up). We decided to accelerate with a high $2600/mo plan based on our children's ages and when they will be coming out of school. Our filing eliminated...

Can anyone discuss their experiences wtih a cram down on a rental property. We will be filing BK, and am looking at doing a Ch 13. I know a Ch. 11 is a possibilty if we wanted to spread the payments out longer than 5 years. (and be in in longer!) Ch. 11 may have other advantages, not sure if not having...

I am so confused on what to do!

During 2009 my job in CA was to be cut by 50%, so I decided to get a new job and ended up in Oregon working for the State. I didn't think about the consequences of moving out of state and rented out my house in Fresno and bought a new house in Oregon,...

Hello,
We filed Chapter 7 BK on 2/15/11, and had our 341 meeting on 4/7/11, discharge is scheduled for 6/6/11. We have a rental property that we want to keep. Since we filed 2/15 the trustee is collecting the rent as part of our bk estate, March and April specifically.

We want...

Need some re-assurance.. Scared!!

So here is the story:

In 2002 we built a home for $116,000. In 2004 ish the Market increased with a value on our home of $219,000. We refinanced (stupidly) for $175,000 to take equity to upgrade things & payback $7,000 to Honda for...

We moved into a rental house in November, following our CH 13 filing in August. We surrendered our home. We did a lot of work on the house, painted cabinets, every room, etc. I thought I was to start paying rent today, and the landowner informed me that we didn't have to pay until at least JULY for...

This is a little lengthy so thanks to those of you that read it all and can contribute.

Before filing Chapter 7 I had a rental property that was severely underwater. After getting laid off in a merger I let it go in foreclosure. We also had our primary residence that we lived in and...

Does anyone have any suggestions to avoid being placed in that situation? Would it be tacky/wrong to ask for a current bank statement to verify it's caught up?

I've got a weird situation. I had filed a CH7 BK last year that discharged the debt from a piece of rental property that I own but, of course, the lien remains. I subsequently filed a CH 13 BK to take care of some things that were out of reach of the CH 7. In between, the lawn on the rental property...

Hi all - My husband has a rental property and he break even on the mortgage and rent payments but there is some equity on that house. I'd like to know if this will be a problem when we file bankruptcy?

We won't be keeping our primary residence and it's a 80/20 loan.

Thank...