Options To Dismissal For Failed Chapter 13 Part 1

24 Jul Options To Dismissal For Failed Chapter 13 Part 1

You are in a Chapter 13 bankruptcy and something has happened that is making it impossible to make your Chapter 13 Plan payments. What should you do?

First, the worst thing you can do is to do nothing!

If you stop making your Chapter 13 Plan payments to the Trustee eventually the Trustee will dismiss your Chapter 13 bankruptcy.

If you cannot make your Chapter 13 Plan payments let your attorney know immediately. There are some options that may be available to you, some of which are:

  1. A Hardship Discharge.
  2. Modification of your Chapter 13 Plan by either Suspension of payments for a period of time or Extending the length of the Chapter 13 Plan to lower the monthly payments.
  3. Dismissal of your Chapter 13 bankruptcy.
  4. Conversion of your Chapter 13 bankruptcy to a Chapter 7 Bankruptcy.

Each of these options will be covered in more detail in future articles.

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I've been a consumer bankruptcy lawyer for nearly 25 years. Since that time I have helped many people resolve their financial problems. I have been practicing law since 1986 and I am licensed to practice in all state and federal courts in the State of Louisiana. Because I am a sole practitioner, you know that your debt matters are being handled by me personally. In addition to my work with consumers, I am also frequently asked to speak at local seminars on bankruptcy law. I am member of the following organizations: • Louisiana Bar Association • National Association of Consumer Bankruptcy Attorneys • Bankruptcy Law Network My office is located at: 3920 General DeGaulle Drive, New Orleans, LA 70114 Telephone: (504) 368-4101

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