Options To Dismissal For Failed Chapter 13 Part 2

25 Jul Options To Dismissal For Failed Chapter 13 Part 2

In Part 1 I provided a general overview of some options that may be available to you if you have found that you are no longer able to make the payments required by your Chapter 13 Plan.

One possible option is a Hardship Discharge.

If your financial situation has changed and the changes have made it impossible to continue with Chapter 13 Plan payments AND it is not possible to modify the Chapter 13 Plan to make the plan work, the Bankruptcy Court can grant a Hardship Discharge.

Some examples of grounds for a Hardship Discharge include a major change in the debtor’s ability to pay such as a job loss, health problems, or the death of a debtor.

A Hardship Discharge can give you many, if not all of the advantages of a discharge after a fully completed Chapter 13 Plan particularly when dealing with secured debts.

Talk with an experienced bankruptcy attorney about your options.

In Part 3 I will discuss the option of Chapter 13 Plan Modification.

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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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