If you record a chapter 13 liquidation and acquire rid of a second mortgage can they still collect from you?
after you pay you monthly payment to the courts for 3 years or does it jump away?
Answers:
On the chapter 13 you are making payments to second mortgage. What the chapter 13 does is allow you to reduce payments. Upon successful completion of chapter 13, your normal payments will resume. Talk to your liquidation attorney. Source(s): former finance company manager
Related Questions:
Why do populace return with themselves into debt, cant reimburse their creditcards, or mortgage, and after blame some one else?
I see questions on here all the time almost people whos homes are forelclosing or car repossesed, or they can' repay their credit cards. Then they get mad that the gov't doesnt relieve...
Answers:
On the chapter 13 you are making payments to second mortgage. What the chapter 13 does is allow you to reduce payments. Upon successful completion of chapter 13, your normal payments will resume. Talk to your liquidation attorney. Source(s): former finance company manager
Related Questions:
Why do populace return with themselves into debt, cant reimburse their creditcards, or mortgage, and after blame some one else?
I see questions on here all the time almost people whos homes are forelclosing or car repossesed, or they can' repay their credit cards. Then they get mad that the gov't doesnt relieve...