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View Full Version : chapter 13? will it effectively lower my principal on my mortgage?


John Russell
08-24-2003, 05:03 AM
I filed chapter 13 2 and half years ago. My mortgage is on the program. I
am to be on ch13 for 5 years,after which time i am to continue paying my
mortgage on my on. At the time i filed ch13 the payoff on my mortgage was
30,000 ch 13 has now paid a little over 10,000 towarded the principal, and
in five years time im figuring ch 13 will have paid roughly 24,000 towarded
the principal, leaving me with a payoff around 5 to 6 thousand dollars. My
question is: Am I thinking correctly or am i missing something

Thanks for your help

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