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Debt ceiling in Ch. 13
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yes - not eligible.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
lindseybgreen
Sent: Thursday, April 30, 2009 11:30 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Debt ceiling in Ch. 13
Facts: Debtors, husband and wife want to file Ch. 13 case. Unsecured debt
totals $290,000. 2nd mortgage is completely under water totaling $150,000.
Plan payment will be around $500 per month. Does filing a Lam motion then
have the 2nd mortgage add to the unsecured total thus exceeding the
unsecured debt limit of $330,000ish?
Please advise.
Thanx,
Lindsey B. Green
Gumm & Green, LLP, Attorneys at Law
5743 Corsa Ave., Suite 111
Westlake Village, CA 91362
phone: 818 707 4233
fax: 818 707 4262
e-mail- Lindsey@gummandgree n.com
charset="windows-1251"
Message
yes - not
eligible.
David A.
Tilem
Certified Bankruptcy
Specialist*
The post was migrated from Yahoo.
Facts: Debtors, husband and wife want to file Ch. 13 case. Unsecured debt totals $290,000. 2nd mortgage is completely under water totaling $150,000. Plan payment will be around $500 per month. Does filing a Lam motion then have the 2nd mortgage add to the unsecured total thus exceeding the unsecured debt limit of $330,000ish?
Please advise.
Thanx,
Lindsey B. Green
Gumm & Green, LLP, Attorneys at Law
5743 Corsa Ave., Suite 111
Westlake Village, CA 91362
phone: 818 707 4233
fax: 818 707 4262
e-mail- Lindsey@gummandgreen.com
The post was migrated from Yahoo.