bankruptcy trustee fees

Bankruptcy and second mortgage away?

I recently attended my CH 13 bankruptcy creditors' meeting. There has to sit through other people's file Check with the trustee. I heard a couple asked if her attorney was filing a motion for "adversary" or "dislike" or something (not paying full attention at first) to get. Because of the continuing trustees, he mentioned that their home equity credit loans, which was secured by their homes, because they owe more to remove than the value of the home (now I am attentive). I discussed this with my attorney and he said it was "possible" but there are additional Fees to a motion ($ thousands) file and even more if the case go to trial ($ 10s of thousands). Of course I'm skeptical because my lawyer never informed me about this option before. I'm just wandering if anyone else has any knowledge of this and what was the actual term so that I can do a bit more Research. Thanks.

No, you are correct that the loan is secured by the house. The judge can not make it away. There is a bill in Congress today that Judge will allow the "cram down" a mortgage or remove it completely. That bill has not passed. So now the judge has no power over a home loan ..

Ch 13 Trustee Evaluates the Plan – Mesa Bankruptcy Attorney – 480-827-0777