[CLBS] Any issues with reinstating a mortgage right before filing Ch 7 or Ch 13?

[Holly Roark]

Debtor is in arrears $28K in mortgage and has saved up enough employment
income to fully catch up. There may be excess equity in the property above
the homestead by about $10K, according to Zillow, which is probably on the
high end. Will reinstating the mortgage and paying the lender $28K prior to
filing Ch 7 or Ch 13 cause an issue for the debtor in either chapter?  This
is a CA case. 

 

Best regards,

HOLLY ROARK

Attorney at Law 

Certified Bankruptcy Specialist -

By the State Bar of California Board of Legal Specialization

 

ROARK LAW OFFICES

950 Bannock Street | 11th Floor | Boise, Idaho 83702

Phone:  (208) 536-3638 (Texting is great! Regular business hours only,
please.)

Fax: (310) 553-2601

E-mail:   <mailto:holly at roarklawboise.com> holly at roarklawboise.com Website:
<http://www.roarklawboise.com/> www.roarklawboise.com

You can easily see my real-time availability and schedule time with me at
<https://calendly.com/hollyr> https://calendly.com/hollyr (Appointments are
by phone only unless otherwise noted.)

*This communication does not create an attorney-client relationship.

Unless you have signed a retainer agreement with Roark Law Offices, this 

communication may not be private or privileged.