Q: WHat are customary charges by lenders for arrears claim reporting in a ch13 ?
I am 4 mos in arrears and am thinking of doing ch13 -w/ a bk attny of course - and I wondered what the typical/customary juice and fees wd be from the lenders . I spoke w/ one bk attny who put 11.6 pct (582 of 5000 in 4 mos of back payments), and another one who estimated 50 pct ( 2500) then revised the estimate to 1000 ( 20 pct), so there is a wide variation and I wondered if it a good idea to put it into the plan. Is this governed at all by regulations? WHat wd stop a lender from charging 75 pct , 100 pct etc? I cannot believe I am seeing the pctgs that I have noted above ( 12, 20 and 50).
A: In general, the amount to be paid on the arrearage through the plan would be the amount it would take to become current on the loan.
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