What is the name of your state (only U.S. law)? TX
If a debt is "discharged" to I still have to pay?
I will try to keep this simple. I bought a house in 2003 and did an 80/20 split mortgage. Got behind in payments, cc debt, yada yada and filed for chapter 13 in 2005. As per the bankruptcy agreement I made all BK payments and am done. During this 5 year time frame of repayment both of my mortgages (the 80 and the 20) were transferred/sold to different companies.
Back in Feb I was having some financial hardships (ie divorce) and called the company that has my 20% mortgage to let them know my payment would be late and to see if they could work with me on late fees. They took my account number and said they had to transfer me to the "bankruptcy department" at which point i was told that my loan was no longer collecting interest, no late fees would ever be assessed, and that there was actually no minimum payment amount??? She told me to "just pay what I could." And that if I happened to "come into some money they would take 50% of what is owed and call it even."
During the 5 years of my bankruptcyness (yes I invented a word) I did not received any monthly statements from either mortgage company. However, once the 5 years was up I did start to receive monthly statements from the company with my 80% mortgage....But have never heard a peep from the company with my 20%.
I recently pulled my credit report and it states that my 20% mortgage was "discharged in bankruptcy" as does the other CC debt I included in the BK.....so was the 20% mortgage treated like the other CC debt?
Thanks
Sorry for the double post...wasn't sure where to post this.
If a debt is "discharged" to I still have to pay?
I will try to keep this simple. I bought a house in 2003 and did an 80/20 split mortgage. Got behind in payments, cc debt, yada yada and filed for chapter 13 in 2005. As per the bankruptcy agreement I made all BK payments and am done. During this 5 year time frame of repayment both of my mortgages (the 80 and the 20) were transferred/sold to different companies.
Back in Feb I was having some financial hardships (ie divorce) and called the company that has my 20% mortgage to let them know my payment would be late and to see if they could work with me on late fees. They took my account number and said they had to transfer me to the "bankruptcy department" at which point i was told that my loan was no longer collecting interest, no late fees would ever be assessed, and that there was actually no minimum payment amount??? She told me to "just pay what I could." And that if I happened to "come into some money they would take 50% of what is owed and call it even."
During the 5 years of my bankruptcyness (yes I invented a word) I did not received any monthly statements from either mortgage company. However, once the 5 years was up I did start to receive monthly statements from the company with my 80% mortgage....But have never heard a peep from the company with my 20%.
I recently pulled my credit report and it states that my 20% mortgage was "discharged in bankruptcy" as does the other CC debt I included in the BK.....so was the 20% mortgage treated like the other CC debt?
Thanks
Sorry for the double post...wasn't sure where to post this.