altering contribution of co-obligor to help debtor's budget
Posted: Sat Oct 16, 2010 12:05 pm
I have a debtor client who owns a condo as joint tenants with her
daughter. Both are on the Promissory Note for the mortgage. Debtor
occupies the condo by herself. Historically she has paid 1/2 the
mortgage and the daughter pays the other half. A lot of this was
done in cash.
I'm trying to lower the monthly payments in a possible Chapter 13,
or possibly even qualify debtor for Chapter 7. Does anyone see a
problem (such as bad faith, etc.) with the daughter lowering or
eliminating the amount she pays each month, thereby increasing the
net monthly obligation to the debtor?
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Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this
means at
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