years ago I purchased a 2 BR mobile home. The interest rate of the loan was at 18%.The total amount borrowed was 32,000.00. After 2 years I had another child now making the home too small and after 4 years of making all my monthly payments in full and on time, I realized I was getting no where fast. So I decided to file for chapter 13 bankruptcy which would consolidated the amount of the loan down to only what the MH blue book value was which was 16,000.00. I then made 3 yrs of payments through a trustee and I now own the home, but with no land attached it’s worth the same as a car. I have a substantial amount of income and have been on the same job for 6 years, but due to the bankruptcy my credit sucks and I can not even get financed for a new bed. My bankruptcy was complete and discharged a little over 1 year ago. From what I understand I need to be discharged from bankruptcy at least 2 years before I can get approved for any loan. I am in desperate need of a real home.

I had a free consultation with a attorney today in ""Florida"". he states that a family of 5 with less than ,000 dollars in income can discharge all unsecured debt. He also stated that i can have the courts pay what is owed on my vehicle and repay my past mortgage payments and car off in 5 years through the trustee. Has anyone had a similar plan or know for sure this i true??

I have been going thru a Chapter 13 Bankruptcy and just received a letter stating
ORDER ON TRUSTEE’S MOTION TO DISMISS WITHOUT PREJUDICE
What does this mean??

my chapter 13 is 100% pay can the trustee go into my bank account if i leave money in there every week to live on can he take it out. the I.R.S. is included in my payment

thanks
mary

I am looking at buying my girlfriends home, she had done a chapter 13 and has a few years before it is discharged. She is paying a high interest rate and that along with the high trustee payment she cannot make the payments. We are not getting married for a year so I was going to try and buy her out. The problem I run into is showing my income along with hers. she will be living with me when I buy the house but how can I show her income on the mortgage application. With both incomes there will be no problem getting loan, but with just my income it will be close if I get the loan. We will be living together until we get married so I want to be able to show both incomes on the mortgage application.

I’m in Texas, so other Texans opinions would help. I filed for bankruptcy almost a year ago and have been doing great making payments, but the mortgage company has decided to throw their hat in and even though payments were being made the trustee and judge saw fit to triple the amount I was already paying. I hear a lot of people filing for Chapter 7, but I haven’t heard of anyone finishing a Chapter 13. I have four more years on this and would be encouraged if anyone has a success story about finishing their Chapter 13 payments for the full term. I would appreciate if cynics kept their snide comments to themselves.

I talked with the BR Atty. yesterday and he said my fee to the trustee could not be lowered due to what has been already done. He told me if I can’t pay the trustee the my case will be dismissed and all the creditors can come back after me, Now I have one year to go, Haven’t my creditors been paid? And what is the percent or chance they would come back after me if this is dismissed due to my financial situation at this time. Reason being the payments stopped my husband passed and he paid the trustee, little did I not know he didn’t for awhile when he was ill, the BR was filed in the state of California! Someone have some answers that went threw this and had to have thier case dismissed for certain reasons, the other option he gave me was to re-file chapter 7 to me that defeats the purpose plus I don’t have the income right now to even pay him to start a Chapter 7!

I just paid off a chapter 13 bankruptcy about a year ago, so I am trying to help boost my score as much as possible.

I had to find a place that would work with me and the trustee for a car loan while I was in my chapter 13 repayment plan. I found a place, but of course the interest was high (19%). I have about a year left till it is paid off, and I have the money to pay it off now (a year early). The difference between the pay off and balance is only about 0.00.

I thought about paying it off, but would it help my score increase more by making my payments for the remainder of the loan?

So you’re struggling to pay your bills and still have money to feed the children. You go visit a lawyer and he suggests filing chapter 13 which would be a monthly payment to a trustee for an amount that is very close to what you’re already paying out each month…. Granted the time is shorter, but if you’re struggling now, how does this benefit you? Any polite answers are very appreciated!! Thank you!

My Chpt. 13 case is paid in full this month 2/10, and I just received a letter form the trustee telling me that my case was going to be dismissed due to not submitting my tax returns from 2005 – 2008.
1. What is going to happen if I have paid off my plan?
2. Will I get my discharge papers if I provide this information?

Great, another problem. We filed a chapter 13 to stop garnishment and jail time, fun stuff. It wasn’t on much. Well, considering the average amount it wasn’t much. But, we filed on 24,000 in debt. At the time, we couldn’t pay it all at once, but could pay it. They wouldn’t make any arrangements so we filed on them.

Now, here is the issue. My wife finished a degree that pays very… very well. We went from making 64,000.00 a year, to a new job paying 90k plus a 30k bonus yearly, that won’t hit for 9 more months. But, we’re in a position to pay all of it off.

BUT, I’ve got a feeling the trustee will take all of our extra income from the job, pinching us until the total is paid off. How does this kind of an increase work? We anticipated this, and our lawyer didn’t seem to concerned, but now he’s "forgotten" having that conversation. We’re waiting to hear back from him (3 days later) and we’re lost on what to do.

Our payment is deducted via auto payments via her employer. If he doesn’t say anything, do we just save the debt, pay it in one lump sum or what? It’s a good problem to have, but a problem none the less. We’re ready for home ownership and have the means to do it.

I should point out too, we didn’t get in debt from silly purchases. It was almost exclusively medical from a pre-mature baby. Prior to that my credit was perfect. Any constructive advice is appreciated.

My wife and I are filing chapter 13 bankruptcy. Our lawyer told us today that we would have to go to 2 hearings in court once we sign the papers for the bankruptcy. What exactly happens at these hearings? Are we going to get bombarded with questions by lawyers from the creditors? Is it a fairly smooth process I mean once we sign the papers the trustee has approved the repayment plan right?

I filed bankruptcy in 2006, chapter 13, and was making payments to a trustee. I had to stop sending those payments, and now one of my hospitals is filing for a judgement. Don’t know if I need a lawyer or not, etc. What can they attach i.e. home, checking account, etc.

I am declaring bankruptcy in Florida. I have a 2006 Honda Accord SE with 130,000 miles. It is in excellent condition. I looked online and it has the KBB value at around ,000. My lawyer said that the trustee may not ask for an appraisal but there was no guarantee. He said he was going to state that it had high mileage and wasn’t running great etc (which obviously is not the truth but I am trying to keep my car) Anyways, he said the trustee may contest me keeping the car and try to claim it. My mom bought it in 2006 and paid in full for it so I have no payments. My mom and I are both on title. Do you think they will contest it in court? I am worried and just might end up trading this car in and making payments on a new one that way it would be protected. I would then put the car solely in my mom’s name. Thanks for your help.

We are in a 13 Just checked my score and it is a 530, which is rated at very poor. Husband and myself have gotten approval from the trustee to purchase a house after a year and our score is 620. That is what the trustee said that it would be after a year! We have been in for about 9months now and I do not see my score improving! Would I be allowed to hold a secured Credit Card to improve my credit score?

someone told me i have to give it to the trustee,is this true?

Do you think they will take my car?
I am declaring bankruptcy in Florida. I have a 2006 Honda Accord SE with 130,000 miles. It is in excellent condition. I looked online and it has the KBB value at around ,000. My lawyer said that the trustee may not ask for an appraisal but there was no guarantee. He said he was going to state that it had high mileage and wasn’t running great etc (which obviously is not the truth but I am trying to keep my car) Anyways, he said the trustee may contest me keeping the car and try to claim it. My mom bought it in 2006 and paid in full for it so I have no payments. My mom and I are both on title. Do you think they will contest it in court? I am worried and just might end up trading this car in and making payments on a new one that way it would be protected. I would then put the car solely in my mom’s name. Thanks for your help.

I filed chapter 13 in March and am making payments to the trustee. I didn’t file chapter 7 then bc I couldn”t afford to lose my car. My lawyer told me that I wanted to keep it until I saved up a down payment for a car then I could file chapter 13 and change it to chapter 7 later.

When do I lose the car though? Am I going to lose it as soon as I sign the papers? How do I make it to where I always have a car?

Before my trustee payments were adjusted I got behind by three mortgage payments. Is there a program to help with this or a loan with low interest?

He lost his job, he filed bankruptcy and now he cashed out his 401k. He has a Meeting with Creditors next week. I want to know if the 401k money belongs to the Trustee instead of him? this is in Ga.
what if he already spent it?