Question about an SOL

Discussion in 'Credit Talk' started by tropicaljo, Apr 12, 2004.

  1. tropicaljo

    tropicaljo Well-Known Member

    Ok, say your paying on a CH.13 bk since 3/97. Part of the debts claimed in the bk is an auto debt. Bk was dismissed in 11/98 for non payment. Last payment made on CH. 13 was in 10/98. When does the SOL on the auto debt start? Does it start on the date YOU made your last payment, or does it start on the date that the CH. 13 trustee last paid?

    Opinions?
     
  2. Butch

    Butch Well-Known Member

    While a debt is in BK the SOL is tolled.

    Calculate the regular SOL, and then deduct the time it was in BK, from the date filed to the date dismissed.

    :)
     
  3. tropicaljo

    tropicaljo Well-Known Member

    So, essentially, in my case since the Bk was initiated in 3/97 and was dismissed in 11/98 (20 months) the SOL would begin in March of 97 + 180 days, since the last payment I myself made was in Feb of 97? I really suck at math, so is this correct?
     
  4. tropicaljo

    tropicaljo Well-Known Member

    *Bump*
     
  5. tropicaljo

    tropicaljo Well-Known Member

    *Bump*
     
  6. tropicaljo

    tropicaljo Well-Known Member

    bump again :) Come on Butch, I know you got the answer I need!
     
  7. lbrown59

    lbrown59 Well-Known Member

    SOL BUMP
     
  8. tropicaljo

    tropicaljo Well-Known Member

    Hello...(tap, tap, tap) is this thing working?... Anyone out there...(echos thru the great empty hall)
    :)
     

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