If you can no longer afford your Chapter 13 bankruptcy payments, you have a few options. You can convert your case to a Chapter 7 bankruptcy, change your payment plan, or ask the court to extend the length of your repayment period.
If you can’t afford your Chapter 13 payments, you may be able to convert your case to a Chapter 7 bankruptcy. To convert your case, you’ll need to file a motion with the court and attend a hearing. At the hearing, the trustee and creditors will have an opportunity to object to the conversion.
If the court approves your request to convert, you’ll be required to follow the requirements of a Chapter 7 bankruptcy. This means that you’ll need to complete credit counseling and a means test.
If you’re having trouble making your Chapter 13 payments, you can ask the court to modify your payment plan. To do this, you’ll need to file a motion with the court and attend a hearing. At the hearing, the trustee and creditors will have an opportunity to object to the modifications.
If the court approves your request to modify your payment plan, you’ll have to make payments according to the new terms. The modification may lower your monthly payments or extend the length of your repayment period.
If you’re having trouble making your Chapter 13 payments, you can ask the court to extend the length of your repayment period. To do this, you’ll need to file a motion with the court and attend a hearing. At the hearing, the trustee and creditors will have an opportunity to object to the extension.
If the court approves your request to extend the length of your repayment period, you’ll be required to make payments according to the new terms. The extension may lower your monthly payments or extend the length of your repayment period.
If you can’t afford your Chapter 13 bankruptcy payments and you don’t want to convert to Chapter 7 or modify your payment plan, you can file a motion to dismiss your case.
To do this, you’ll need to file a motion with the court and attend a hearing. At the hearing, the trustee and creditors will have an opportunity to object to the dismissal.
If the court approves your request to dismiss your case, you’ll be released from your obligation to make payments under the Chapter 13 bankruptcy. However, your creditors will still have the right to collect on their debts.
If you can’t afford your Chapter 13 bankruptcy payments, you have a few options. You can:
If you’re having trouble making your Chapter 13 payments, you should speak with an experienced bankruptcy attorney to discuss your options. To learn more, contact the Law Offices of Robert M. Geller at 813-254-5696 to schedule a free consultation.
Filing for bankruptcy as a family is a significant decision that can help manage overwhelming…
Filing for bankruptcy can feel like hitting a financial reset button. While it provides relief…
Filing for bankruptcy is a major financial decision, and preparing properly can make the process…
Financial challenges can affect anyone, and seniors are no exception. Health care costs, reduced income,…
Filing for bankruptcy is often the best way to get a fresh financial start. But…
If you’re thinking about bankruptcy, you probably have many questions. You’re not alone. Most clients…