http://www.thebklawyer.com/thebkblog/2009/08/25/should-i-oppose-the-chapter-13-trustees-motion-to-dismiss/ Personal Bankruptcy tips and tricks moderated by Atlanta lawyer Jonathan Ginsberg Tue, 17 Jan 2012 01:57:46 +0000 hourly 1 http://www.thebklawyer.com/thebkblog/2009/08/25/should-i-oppose-the-chapter-13-trustees-motion-to-dismiss/#comment-13527 Bill Mattocks Thu, 09 Jun 2011 21:54:56 +0000 http://www.thebklawyer.com/thebkblog/?p=377#comment-13527 We filed chapt 13 with over so many thousands owe to the creditors. In addition, we have two homes, the 1st under mortgage and the 2nd home without a mortgage. The 1st home holding a mortgage has a 1st and 2nd. Property values dropped tremendously leaving the second mortgage as a unsecured. In addition our 2nd home has over three hundred thousand in equity. Originally because the 2nd mortgage on the 1st home was considered unsecure because property values dropped tremendously, the 2nd mortgage became a strip mortgage whereas the creditor wanted that second to be included within the payment plan over a five year period. The trustee was proposing 4500 per month. We just received a letter from the trustee dismissing the case, not sure of the reason. We filed chapt 13 with over so many thousands owe to the creditors. In addition, we have two homes, the 1st under mortgage and the 2nd home without a mortgage. The 1st home holding a mortgage has a 1st and 2nd. Property values dropped tremendously leaving the second mortgage as a unsecured. In addition our 2nd home has over three hundred thousand in equity. Originally because the 2nd mortgage on the 1st home was considered unsecure because property values dropped tremendously, the 2nd mortgage became a strip mortgage whereas the creditor wanted that second to be included within the payment plan over a five year period. The trustee was proposing 4500 per month. We just received a letter from the trustee dismissing the case, not sure of the reason.

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