At My Wits End

Who are the loans with? and how much have yoy paid towards the loan?

You may have to include the house and car. But the payments will be kept current, the house payment will be done on a conduit, which basically means they will pay your monthly mortgage for you as a part of the payment plan, and same goes for the car payment. Chpt. 13 is just a reorganization of your debt, Chpt. 7 is where you could potentially lose your home and car.

When I filed chapter 7, I had to include everything (but I didn't own a home or have any PDLs). I thought chapter 13 was designed for people owning homes and were behind on payments so they could get back on track?

I filed a chpt. 13 and I was not behind on my house or car payment, but I had to include it in the payment plan, which the trustee kept everything current while paying my debt.

I have 7 pdl's (6 storefronts and 1 online). I was going to contact them to make pymt arrangements, but I need some peace, not just from them, but from all of the debt that I HAVE MADE. I've learned and when I ma blessed to come out from under all of this, I will not be going back :-)

I filed Chapter 7 and I listed my car but all I had to do was sign a reaffirmation to keep the car and I was current on the payments. I wasn't a homeowner though.

I have filed Bankruptcy twice Chapter 13 that is. The first time I didn't include my car....but... the second time I did. Filing Chapter 13 is much better than Chapter 7...That's if you wanna keep anything. It helped my house from getting foreclosed on. (Husband was laid off) My car payment was current. I think it depend on the attorney wether or not to include everything. :!: Good Luck :!:

Steelers1, with including you house how did that affect the length of time you will be paying on your Ch. 13 and how much you had to pay each month on the plan? If you don't mind me asking :?

It didn't effect the length of my bankruptcy at all. I was actually glad they paid it on conduit, one less worry for me each month, and I knew my debt was being taken care of. The payment included my monthly mortgage plus an additional $350 to go towards my debt.

I needed that encouragement, thanks steelers.

Hey Steelers - STOP HELPING PEOPLE! Stop being so nice and useful. Enough "encouragement".

Bring back mean Steelers.

HAHAHAHAHAHAHAHA! :D

A'ight jedijeff, I'm a newbie, but (today) :-) I've got steelers back :-)

Chapter 13 is for debt consolidation so that you can catch up on your debts.

In this person's case, and I hate to say it, you may want to consider filing seven instead of 13. Seven is straight bankruptcy or financial freedom. I don't recommend bankruptcy unless it is in dire circumstances. In your case, they may be dire enough.

I hate the fact that it will be on your credit report for the next 10 years. I hate recommending bankruptcy to anyone as you have deal with high interest rates, inability to get loans and or credit cards, etc. Please think wisely before you decide to file. If you have already made up your mind that you have no other alternative, then please consider filing seven.

Remember, you cannot put student loans on a bankruptcy and you may have to show proof that you have attempted to work out arrangements to make payments before you can actually file.

Just for you Jedi, I'm bringing mean back! :twisted: :twisted: :twisted: :twisted: (How's that for a start?)

Thanks a bunch Alexandra. I was talking to someone in my office who is filing a 7 and she suggested the same thing. My only problem is paying the fee. She has to have $545 when she files and the other 1/2 before she goes to court. I don't feel like I can do that, and I really do want to pay the people I owe.