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  1. #1

    Default Re: Deed Jointly Held Property in Chapter 13

    Thanks...I did not want to profit from the land, but I didn't want my daughter to be forced to sell her half...I can see how the trustee would look at that, though. Guess I will hold my half until the bankruptcy is complete in 5 years and then deed it to her. I still don't understand their methods to figure out what I need to pay each month...still under water there! My car was included in the bankruptcy and I got a notice that it is now paid off. Shouldn't that lower my monthly payment?

  2. #2
    Join Date
    Sep 2010
    Posts
    478

    Default Re: Deed Jointly Held Property in Chapter 13

    Quote Quoting Maydaycolorado
    View Post
    I still don't understand their methods to figure out what I need to pay each month...still under water there! My car was included in the bankruptcy and I got a notice that it is now paid off. Shouldn't that lower my monthly payment?
    Can't specifically answer your question. Your Plan payment is based upon many factors, including but not limited to:

    Total secured debt that is to be paid including interest
    Total priority tax debt that is to be paid
    Value of the non exempt assets (after consideration of the priority tax claim, if any)
    Mortgage arrears that need to be cured
    Legal fees that are included in the Plan
    Trustee's fee
    What your budget says you can afford to pay. . .

    Des.

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