Posted on: 08th Apr, 2009 09:18 am
i i was sick i alraady had filed bk 13. behind 3 months on mortgaga and plan.what are my options . i wouuld like to keep my house if possible. trustee made motion to dismiss .mortgage company wants to reverse stay.
Hi anntburr,
Once your Chapter 13 bankruptcy is discharged, your lender will give you an alternative repayment plan in order to clear off the dues. When you are in bankruptcy, there is an automatic stay and the creditors are unable to sue you for the dues. However, creditors have the right to file a case and reverse the stay order. The court will judge the whole situation and then decide whether it would reverse the stay order or not.
"trustee made motion to dismiss " Why did the trustee made a motion to dismiss the bankruptcy?
Thanks
Once your Chapter 13 bankruptcy is discharged, your lender will give you an alternative repayment plan in order to clear off the dues. When you are in bankruptcy, there is an automatic stay and the creditors are unable to sue you for the dues. However, creditors have the right to file a case and reverse the stay order. The court will judge the whole situation and then decide whether it would reverse the stay order or not.
"trustee made motion to dismiss " Why did the trustee made a motion to dismiss the bankruptcy?
Thanks