I filed a Chapter 13 and I am no longer working. I am delinquent in the amount of 473.00. Is there anyway I can reinstatement my chapter 13 if I become employed before my scheduled date of dismissal? Or what options do I have?
|
Read More Answered By: Adam Tracy |
Thank you for your question. If you are unable to continue making payments under you Chapter 13 plan, the Trustee will likely file a motion to have your case dismissed. It is possible to delay the dismissal of a Chapter 13 case on the grounds that there is a reasonable likelihood that you will be returning to work. You can also petition the court to modify the plan to make for a lower monthly payment.
Finally, provided you qualify, you can move to convert the case to a Chapter 7 and wipe out the debt altogether while keeping your home, car etc. My guess is since you are no longer working, that a Chapter 7 may be an option.
Feel free to email me with any further questions; adam@630bankruptcy.com
Thanks |
Roselle, IL
Questions Answered: 1079
Last Question Aswered on: 2011-06-30
Chicago, IL
Questions Answered: 627
Last Question Aswered on: 2009-03-26
Chicago, IL
Questions Answered: 555
Last Question Aswered on: 2012-05-25
Chicago, IL
Questions Answered: 503
Last Question Aswered on: 2010-05-08
Wheaton, IL
Questions Answered: 257
Last Question Aswered on: 2012-05-19
Naperville, IL
Questions Answered: 239
Last Question Aswered on: 2012-04-11
Chicago, IL
Questions Answered: 190
Last Question Aswered on: 2005-12-12
Chicago Heights, IL
Questions Answered: 185
Last Question Aswered on: 2011-08-01
Bullhead City, AZ
Questions Answered: 145
Last Question Aswered on: 2004-06-25
Lockport, IL
Questions Answered: 105
Last Question Aswered on: 2011-10-27
► I wanna wipe my credit clean . how much will i have to spend
► I am preparing a Bankruptcy file for a friend who can't afford a lawyer. The BK web...
► Im getting remarried and my credit stinks but my fiances is great will hers be...
► We have a small condo association (3 units) and one of the units is in foreclosure...
► Can I file a small claims lawsuit against a company that will soon be filing...
► To Whom it May Concern: I just have two questions regarding bankruptcy: Are...
► Can I file bankruptcy on an automobile I co-signed. The owner has not paid the...
More Bankruptcy Law questions and answers in Illinois| Bill of Sale | Living Will |
| Contracts | Notices |
| Divorce | Power of Attorney |
| Employment | Quitclaim Deeds |
| Landlord & Tenant | Real Estate |
| Leases & Rentals | Sales and Purchases |
| Letters | Wills |
| Living Trusts | More... |
© WebsiteBroker, Inc.
LawGuru.com | Advertise on LawGuru | Affiliate Program | Privacy | About Us | Press
