Debtor on Note, Trust on Deed of Trust?
Posted: Wed Nov 03, 2010 5:46 pm
The debtor can file, it is just a matter of whether the residence
belongs to him or he is merely a cosigner. It deepends on the type of
trust involved. Is it a trust that is revocable by the debtor or not?
If it is the debtor's revocable trust there is no distinction between
it and the debtor while the debtor is alive. If it is an irrevocable
trust you have a very different analysis.
Mark T. Jessee
Law Offices of Mark T. Jessee
"A Debt Relief Agency"
50 W. Hillcrest Drive, Suite 200
Thousand Oaks, CA 91360
(805) 497-5868
On Wed 3/11/10 4:11 PM , "Steve Smith" sesmithesq@aol.com sent:
Is it permissible to file a Chapter 13 Plan on behalf of a debtor
who is the borrower on a note for a residence in which title in the
property is in the name of a trust?
Links:
[1] mailto:cdcbaa@yahoogroups.com?subjectDebtor on Note, Trust on
Deed of Trust?
[2]
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