Trial plan and filling for bankruptcy - Loan Modification Forum

wells5-1 · 08-28-2009, 09:42 AM

I send a TRIAL PLAN package back WITH FIRST PAYMENT
I was thinking to file for bankruptcy CHAPTER7 include everything beside a mortgage (Main reason a lots of collections and coming up judgments )
Up to $40 000 in debt but i did not pay it in two years now I wanna have fresh start with no debt whatsover and small payment on the mortgage .
Now When i first send the financial info to wells fargo i never included those debts cause it was no reason cause i did not pay for it in longer the two years it turned to collections and comming up judgments .

Now when i started the TRIAL PLAN can i file for Bankruptcy ?
Cause my attorney has everything ready to file all I have to tell him is go for it .What can happened?

Evan Bedard · 08-28-2009, 10:19 AM

Hi wells5-1 welcome and thank you for joining,

I would discuss that with your BK attorney and maybe ask your lender as well. I believe it may have an affect on your trial period because you will now have a different financial situation then when you first applied for the modification..

wells5-1 · 08-28-2009, 10:39 AM

Thank you Evan I think Im just going to wait before i file for three month until they lock me in fixed term .

08-28-2009, 09:42 AM	#1 (permalink)
wells5-1 Junior Member Join Date: Aug 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Trial plan and filling for bankruptcy I send a TRIAL PLAN package back WITH FIRST PAYMENT I was thinking to file for bankruptcy CHAPTER7 include everything beside a mortgage (Main reason a lots of collections and coming up judgments ) Up to $40 000 in debt but i did not pay it in two years now I wanna have fresh start with no debt whatsover and small payment on the mortgage . Now When i first send the financial info to wells fargo i never included those debts cause it was no reason cause i did not pay for it in longer the two years it turned to collections and comming up judgments . Now when i started the TRIAL PLAN can i file for Bankruptcy ? Cause my attorney has everything ready to file all I have to tell him is go for it .What can happened?

08-28-2009, 10:19 AM	#2 (permalink)
Evan Bedard LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California Posts: 2,168 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Trial plan and filling for bankruptcy Hi wells5-1 welcome and thank you for joining, I would discuss that with your BK attorney and maybe ask your lender as well. I believe it may have an affect on your trial period because you will now have a different financial situation then when you first applied for the modification.. __________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

08-28-2009, 10:39 AM	#3 (permalink)
wells5-1 Junior Member Join Date: Aug 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Trial plan and filling for bankruptcy Thank you Evan I think Im just going to wait before i file for three month until they lock me in fixed term .

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