Tag Archives: Chapter 13 case
-
If you are behind on your mortgage or if you are in a Chapter 13 case to “catch-up” your mortgage, stay tuned! Changes in the Bankruptcy Rules require that certain Notices be provided by a lender to a homeowner in a Chapter 13 case who is “catching-up” past due mortgage payments. The goal is to… Read More »
-
As a result of the terms of a pawn contract, unless the pawnbroker agrees, the usual pawn transaction may not be treated in a Chapter 13 case like the usual cram-down of a motor vehicle loan. The court decisions discussing the issues which may arise in a pawn transaction do not provide a clear roadmap… Read More »
-
One of the major benefits of filing a Chapter 13 case is the ability to modify (cram-down) a loan on a motor vehicle. Circumstances vary by case, but when a client has purchased a vehicle and has signed a standard “Retail Installment Contract”, generally the interest rate and principal balance can be modified (cram-down) and… Read More »