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Cape May, NJ asked in Bankruptcy for New Jersey

Q: I am in Chapter 13 bankruptcy and have 9 months left on the repayment plan.

I am in Chapter 13 bankruptcy and have 9 months left on the repayment plan. I just got a letter from my servicer saying, Payment balance $170,000+ , is that what I owe for the last 9 months or is it what I owe on my mortgage payments. It has me confused. The court said, if I paid my mortgage and Trustee payments for the 5 year plan the balance is dismissed ? Is that right ?

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2 Lawyer Answers
Leonard R. Boyer
Leonard R. Boyer PRO label
  • Bankruptcy Lawyer
  • Clifton, NJ
  • Licensed in New Jersey

A: If you have an attorney, you need to direct all your questions to your attorney. If you do not have an attorney, you should really retain one. This is not something to try to handle on your own. If you need to retain an attorney, with the Court operating remotely using modern technology and attorneys doing the same thing, you have no geographic limitations in making your choice of counsel.

Timothy Denison
Timothy Denison
  • Bankruptcy Lawyer
  • Louisville, KY

A: Consult your bankruptcy counsel regarding this issue. It is highly unlikely that the amount claimed still owed is correct.

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