.jpg)
Payoff of Entire HELOC in Chapter 13 Plan
My thinking is that you have to pay Til interest if it is oversecured, and
contract interest if its undersecured. . . but if they haven't objected to
no interest hush!
R. Grace Rodriguez, Esq.
Full service Real Estate Attorney &
California State Bar
Certified Bankruptcy Specialist
OFF: (818) 734-7223
CEL: (818) 554-9922
NO EX-PARTE NOTICE VIA VOICE MAIL OR EMAIL: I do not accept notice for *Ex
Parte* Applications via voicemail or by email. You must comply with
California Law and give notice to a person in my office during regular
business hours.
CONFIDENTIALITY STATEMENT: This message contains privileged and
confidential information and is intended only for the individual named. If
you are not the intended recipient you should not disseminate, distribute,
store, print, copy or deliver this message. Please notify the sender
immediately by e-mail if you have received this e-mail by mistake and
delete this e-mail from your system.
This message, electronic transmission, and any documents attached hereto
are protected by the Electronic Communication Privacy Act (18 USC 2510-2522) and are intended solely for the named recipient(s) and
authorized agent(s).
IRS CIRCULAR 230 DISCLOSURE: To comply with requirements imposed by the
Department of the Treasury, we inform you that any U.S. tax advice
contained in this communication (including any attachments) is not
intended or written by the practitioner to be used, and that it cannot be
used by any taxpayer, for the purpose of (i) avoiding penalties
that may be imposed on the taxpayer, and (ii) supporting the
promotion or marketing of any transactions or matters addressed herein.
On Wed, Oct 26, 2016 at 8:59 PM, tysonlawfirm@yahoo.com [cdcbaa] wrote:
>
>
> Hi Everyone,
>
>
> My client is paying off her $40k home equity line of credit in a chapter
> 13 plan over 60 months. HFC has filed a proof of claim stating that the
> contract interest rate is 13%. In order to pay off the entire balance of
> the HELOC in the plan must the 40k balance include the 13% interest per the
> POC? Plan is presently $40k at 0%. To date HFC has not objected to the
> plan interest rate.
>
>
>
>
>
My thinking is that you have to pay Til interest if it is oversecured, and contract interest if its undersecured. . . but if they haven't objected to no interest hush!face"comic sans ms, sans-serif">
The post was migrated from Yahoo.