Proceeding # | Hearing Date | Case Number | Debtor Attorney | Hearing Type | Disposition | Trustee Notes | |
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Matter ResolvedRequest Adjourment | 0 | 5/9/2024 8:30 am | 24-11125 / JKS | Jonathan Stone, Esq. | Confirmation Hearing Scheduled | Continued 6/13/2024 8:30 am | AS OF 5/2/24 (SF) 1. Objection filed by PennyMac Loan Services (Fein Such) - failure to pay arrears of $19,165.55 2. Volvo filed arrears claim 8-1 in the amount of $423. (OK TO PAY?) 3. The State of NJ filed secured claim for $4162.58. No priority claim was filed. (OK TO PAY?) 4. US Dept of HUD filed secured claim 1-1 with zero arrears which is not addressed in plan 5. Trustee objection: Need a current market analysis - with comparatives sold within 6 months of filing. - Need a copy of the last filed tax return - 2023 by 5/15/2024. - Need a valuation for the 2018 Porsche. - The debtor(s) plan consists of unnecessary or excessive expense items, such as: $615/month for cable/internet/phone $250.46/month for additional mortgage payment (need statement for 2nd mortgage) (NO PAYMENTS ARE CURRENTLY DUE FOR HUD MORTGAGE) $300/month for personal care $900/month for charity $822 & $845/month car payments Need proof of excessive expenses 10 days prior to confirmation. - Verified income leaves monthly disposable income of $705.72. (with excessive expenses ) - Reviewed the 22C, Line 9b cannot include township of Wyckoff and Ridgewood water, Line 17 (involuntary deductions) should be $0, Line 21 (childcare) requires documentation and is not on Schedule J, Line 23 (optional phone) requires documentation, and Line 31 (charitable contributions $1,700) requires proof. The trustee needs explanation of the discrepancy regarding charitable contributions. 22C says $1,700 but Schedule J has $900 for charity. - Review of zillow shows a home value of $886,000. There may be a threshold of approximately $40,404 in real estate. - The debtor's Plan proposes an order of distribution that is contrary to the Trustee 's recommended order of distribution. Plan proposes $275 x 60 Base Payments: 1.5/3 Arrears: $412.50 RESOLVED ISSUES: - Need to file Pre-Confirmation Certification. (FILED) - Need a copy of the homeowner's insurance renewal declaration - that includes li |
Request Adjourment | 5/9/2024 9:00 am | 24-12360 / CMG | Aniello D. Cerreto, Esq. | 341 Meeting | Continued 6/27/2024 9:00 am |