Myth 1: It costs more to pay secured claims through the trustee
One of the common myths is that paying secured claims through the trustee costs the debtor additional money. Prior to [...]
Myth 2: Adding secured claim to confirmed plan takes a long time for the creditor to start receiving payments from the trustee
The plan provides for the direct payment of a secured claim. The debtors default; motion for stay relief is [...]
MISS: Failing to take advantage of paying all secured claims through the trustee:
In the case where the vehicles are being paid through the trustee, interest rate, even for 910 claims, may be [...]
MISS: Failing to reduce the interest rate
A common miss is failing to reduce the interest rate on secured claims being paid through the trustee. The prior [...]
MISS: Filing unnecessary amended plans
We see a number of cases in which amended plans are filed or proposed to be filed to conform to [...]