Payoff of Entire HELOC in Chapter 13 Plan
Posted: Thu Oct 27, 2016 5:24 pm
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
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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">
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