Posted on: 11th Feb, 2011 01:04 pm
If I am working on a loan mod with my mortgage company and I am currently in a chapter 13. The only real debt I am paying my Chapter 13 is car and mortgage. I have made arrangements with the utility companies I inculded in the Ch 13. I do not make the same money I made when I filed the Chapter 13 and it is hurting me financially with curr plus arrearages. I am about to get dismissed because I am behind on my payments with the Ch 13. What do I do? What can I do? What if I just let them dismiss my case? Or should I ask the courts for a hardship discharge? I dont want to lose my home. Can I ask to convert to Chapter 7 and leave the house out of it?
Hi svn4me,
If your bankruptcy filing gets dismissed, then your creditors will be able to come after you in order to recover the dues. They can even foreclose your property. However, it will be better if you could contact your lender and negotiate for a loan modification. Nevertheless, you can also ask for a hardship discharge.
Thanks
If your bankruptcy filing gets dismissed, then your creditors will be able to come after you in order to recover the dues. They can even foreclose your property. However, it will be better if you could contact your lender and negotiate for a loan modification. Nevertheless, you can also ask for a hardship discharge.
Thanks