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60-month plan for below median debtor?=20
Should be no problem...!
To: cdcbaa@yahoogroups.com
Sent: Thursday, January 31, 2008 3:03:50 PM (GMT-0800) America/Los_AngelesSubject: [cdcbaa] 60-month plan for below median debtor?
Debtor needs to cure arrerages on a mortgage and wants to do a 60-month Ch. 13 plan, but is way below median on the means test. In fact, the funds to make the plan work will be coming from relatives.
The way I read the Code, it seems like the 60 months would only be allowed for cause if approved by the Court. What are the chances (would be
Thanks,
______________________
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
___________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).
MatthewD.Resnik
AttorneyatLaw
SimonandResnikLLP
449S.BeverlyDrive
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90212
T:310-788-9777
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Matt@resniklaw.com
body { font-family: 'Times New Roman'; font-size: 12pt; color: #000000}Should be no problem.>To: cdcbaa@yahoogroups.comSent: Thursday, January 31, 2008 3:03:50 PM (GMT-0800) America/Los_AngelesSubject: [cdcbaa] 60-month plan for below median debtor?
Debtor needs to cure arrerages on a mortgage and wants to do a 60-month Ch. 13 plan, but is way below median on the means test. In fact, the funds to make the plan work will be coming from relatives.
The way I read the Code, it seems like the 60 months would only be allowed for cause if approved by the Court. What are the chances (would be a Valley case)?
Thanks,
______________________Mark J. MarkusLaw Office of Mark J. Markus11684 Ventura Blvd. PMB #403Studio 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___________NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).
-- Matthew D.&nb
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