Central District Consumer Bankruptcy Attorney's Association

And what about if you're paying off a claim in full in class 3a
during the course of the Plan but NOT valuing the claim under 506?
(in other words you are paying the full value of the claim).   THe
forms seem to mandate going through a Motion to Value.   Even Class
3b seems to trigger the mandatory Motion under 506, at least in Best
Case.
On 1/26/2018 11:32 AM, sam@southbaybk.com [cdcbaa] wrote:
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> I use class 4.
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> Virus-free. www.avg.com
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*************************
Mark J. Markus
Law Office of Mark J. Markus
_*Mailing Address Only:*_
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California
Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
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If the debtor wants to cure arrears on a secured debt on personal
property through the Plan and maintain ongoing payments directly to
the creditor, but those direct payments would end DURING the plan
term, in which class does this go?
Class 4 seems the closest, but that says it is for claims on which
the final payment is due after the final payment on the plan.    But
what if you have, for example, a vehicle loan that has 47 months
left.  I realize you could pay the whole balance through the plan
(if one wanted to pay the Trustee's fees for disbursements), but
what if you want to just cure the arrears and maintain payments?
*************************
Mark J. Markus
Law Office of Mark J. Markus
_*Mailing Address Only:*_
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California
Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law
office of Mark J. Markus that may be privileged. The information is
intended for the use of the addressee only. If you are not the
addressee, note that any disclosure, copy, distribution or use of
the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
imposed by the IRS, we inform you that any U.S. tax advice contained
in this communication (or in any attachment) is not intended or
written to be used, and cannot be used, for the purpose of (i)
avoiding penalties under the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any
transaction or matter addressed in this communication.

The post was migrated from Yahoo.