PC has $20k unsecured debt. She has very little income. There is a looming
foreclosure scheduled lender will not postpone. She has significant equity
but insufficient time to market and sell the property.
My thought was to put her in a C13 to give her sufficient time to market and
sell the property and benefit from the automatic stay during this period
(ideally without making a mortgage payment in the interim she doesnt have
the income).
Ive heard of a liquidating Chapter 13 but have never done one.
Also, this would be her second Chapter 13 in less than a year. (First one
she attempted to keep the property and repay arrears but case was dismissed
prior to confirmation.)
If you can point me to a case where youve done this or any case law in
support of this not being a bad faith filing it would be appreciated.
Thanks,
Stephen
N. Stephen Vokshori, Esq.
Managing Attorney
213-986-4323 x100 (direct) | 310-881-6996 (fax)
stephen@voklaw.com (email) |
www.VokLaw.com (website)
VOKSHORI LAW GROUP
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