Results 1 to 2 of 2

Hybrid View

  1. #1
    Join Date
    Feb 2006
    Location
    Pennsylvania
    Posts
    1

    Default Charge off after Chapter 13

    ops: My husband and I filed Chapter 13 a year ago. We were very confused in which we thought our second mortgage was included in the items we were not to pay. In fact, we just found out that the 2nd mortgage company has notified the bankruptcy lawyer that we are now 9 mos past due. Not only that, but by the amt overdue, they also had changed our monthly amt to half of what it was origanally was. We had never received a notice or call from the 2nd mtg holder, so I contacted them when my lawyer's office told me this. They told me that the account had been sold to a collection agency and the status is charged off. I have researched this term and I am getting mixed information. Some say not to pay it and insist in writing for validity of this debt. Others say to negotiate payoff. Others still say call immediately and start payments. I am talking of a debt that was origanally $10,000 and now, with interest, late payment charges, etc....who knows what the debt amount is! How should I approach this and what are my legal responsabilities. Bankruptcy did not do us much good and we are behind on bills again, so I really am in no position to put out any large sum of money, in fact, payments would be real tough to handle considering our current financial position. What do you suggest we do?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Bankruptcy

    If you didn't include the debt in your bankruptcy, it is separate from the bankruptcy and must be resolved separately. How you choose to do that is up to you.

    If you have not been dismissed from your Chapter 13 plan for noncompliance, do try to keep up with the terms of the plan. Or talk to your lawyer to see if you shoudl consider converting it to a Chapter 7 plan.

    1. Sponsored Links
       

Similar Threads

  1. Chapter 13: Trustee Dismissing Chapter 13 Bankruptcy, Can We File Chapter 7
    By craigandnay in forum Bankruptcy Law
    Replies: 2
    Last Post: 06-14-2010, 06:23 AM
  2. Chapter 13: Conversion Of Chapter 13 To Chapter 7 - 8 Years After Chapter 7 Discharge
    By daybyday in forum Bankruptcy Law
    Replies: 2
    Last Post: 05-28-2008, 03:56 PM
  3. Chapter 13: Charge Off In Chapter 13, in California
    By acip4u in forum Bankruptcy Law
    Replies: 3
    Last Post: 01-12-2008, 10:20 AM
  4. Chapter 13: Converting From Chapter 13 To Chapter 7 - Will The Trustee Refund My Payments?
    By NBHAMBLESSED in forum Bankruptcy Law
    Replies: 5
    Last Post: 09-27-2007, 11:31 AM
  5. Chapter 7: Mortgage Payments and Converting Chapter 13 to Chapter 7
    By NCDESPERATE in forum Bankruptcy Law
    Replies: 1
    Last Post: 09-03-2006, 09:38 AM
 
 
Sponsored Links

Legal Help, Information and Resources