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  1. #1
    Join Date
    Jan 2008
    Posts
    164

    Default Mortgage And Chapter 13

    My question involves bankruptcy in the state of: Calif

    What will happen if i voluntary skip a mortgage payment in order reserve some capitol? The first and second mortgage are included in the cpt 13 and was never late now, and when we filed for the 13 last july 2007, we have never missed a payment? but we need some extra capitol to stay aflote.

  2. #2
    Join Date
    Apr 2007
    Location
    Southeastern Michigan
    Posts
    1,226

    Default Re: Mortgage And Chapter 13

    Quote Quoting acip4u
    View Post
    My question involves bankruptcy in the state of: Calif

    What will happen if i voluntary skip a mortgage payment in order reserve some capitol? The first and second mortgage are included in the cpt 13 and was never late now, and when we filed for the 13 last july 2007, we have never missed a payment? but we need some extra capitol to stay aflote.
    Before you even consider this, you need to speak with your bankruptcy attorney. Skipping bankruptcy payments without the trustee's concurrence is NOT a wise move.

    If you do this without approval, the trustee could a motion the court to have your filing discharged. At that point, you're no longer protected.

  3. #3
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: Mortgage And Chapter 13

    Don't do it - you need to talk to your bankruptcy attorney.

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