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To strip off a secured second mortgage the Chapter 13 attorney must file a motion with the Bankruptcy Court. United tates Code of arbitrary distinctions. Thus, in including these procedural impediments in the Code, Congress appears to be skeptical of reaffirmation agreements. Bankruptcy Code and would implement better public policy.
Court rules Chapter 13 debtor may modify 2nd mortgage despite.
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Thank you for contacting us. The term appears to have been interpreted broadly.
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National Law Review website. Bankruptcy Court in the Southern District of Florida.
Also, if you can qualify for a repayment plan and get caught up on your loan, you may be able to keep the vehicle.
However, you must disclose all your assets when you file for bankruptcy, and this includes your cell phone.
But what if circumstances change? In the Northern District of Illinois, the cases go both ways.
Bankruptcy Attorney in St. Effect of lien on residence as well as upon other assets.
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