Legal Question in Bankruptcy in Georgia
Prepay Chapter 13 Plan
I have been in a 5 year Chapter 13 plan for more than 3 years. Due to an inheritance, I have increased the equity position in my home. If I use this equity to prepay the plan can unsecured creditors (30% in plan) claim the other 70%?
Asked on 11/25/06, 7:49 am
1 Answer from Attorneys
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Re: Prepay Chapter 13 Plan
Possibly, and only one person can answer that - your lawyer. You should have already advised your lawyer as soon as that happened and your lawyer would then have made appropriate filings.
Answered on 11/25/06, 8:54 am
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