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:
- A Hardship Discharge.
- 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.
- Dismissal of your Chapter 13 bankruptcy.
- 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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