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.
If you're behind on bills, one of the most stressful parts of the experience is…
Summer vacations are a time to relax and unwind. They’re an opportunity to spend time…
If you're considering bankruptcy, you've probably spent months or even years trying to find another…
Most people don't finance home repairs because they're being irresponsible. They do it because they…
Many people filing for bankruptcy worry about what will happen to secured debts like car…
If you and your family are in debt, you aren’t alone. Many families are struggling…