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End of plan term feasibility problem
Depends on the judge. Hardship discharge only requires that the debtor pass the chapter 7 test (i.e. pay the trustee what would have been paid in a chapter 7) but if your judge is a prosecutor, you may have to prove many more things to get a hardship discharge.
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Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503 310-328-1001-voice
> On Jul 1, 2014, at 2:46 PM, 'James T. King' king@kingobk.com [cdcbaa] wrote:
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> Plan must pay out 20%. Can plan be modified/extended?
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> Sent: Tuesday, July 01, 2014 2:37 PM
> To: cdcbaa@yahoogroups.com
> Subject: [cdcbaa] End of plan term feasibility problem
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> If Trustee has paid out 20% to some Class 5 creditors and 0% to other Class 5 creditors and plan will not pay out by the end of the plan term, can the plan be amended to lower the percentage to 10%? If not, is there another way to fix the feasibility problem? Hardship discharge? Other suggestions?
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The post was migrated from Yahoo.