QUESTION
What happens if I cannot pay my bankruptcy payments?
Asked on Nov 14th, 2011 on Bankruptcy - New York
More details to this question:
I will not be able to pay my first bankruptcy payment. What should I do?
9 ANSWERS
Bankruptcy Attorney serving Concord, CA
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William Rubendall Attorney at Law
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If you file a chapter 13 plan and can't make the payment you might want to convert to chapter 7. You also can modify the plan so the payment is lower.
Answered on Nov 17th, 2011 at 3:28 PM
Glen Edward Ashman
Call your lawyer (you didn't make the catastrophic mistake of filing pro se, did you?) to determine if your case can be salvaged.
Answered on Nov 16th, 2011 at 11:59 PM
Daniel James Wilson
Your case will be dismissed. Ch 13 is difficult. You have to make the payments for either 3 or 5 years EVERY SINGLE MONTH. If you cannot make the payments the case will be dismissed. You have about three months of missed payments before that happens. If your income is so low you cannot make the 13 payments, why are you in a Ch 13? In my experience, many ill-advised 13s are an attempt to save house, where there is no equity and the mortgage structure does not make sense. Convert to a 7, let the house go, rent whatever housing you can actually afford.
Answered on Nov 16th, 2011 at 10:51 PM
Automobile Fraud Attorney serving Phoenix, AZ
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The Stone Law Firm
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If you are unable to make your Chapter 13 plan payments, your case will eventually get dismissed for non-payment. If you find yourself unable to make your plan payments, you should speak to a knowledgeable bankruptcy attorney about your options such as restructuring your plan or converting from a Chapter 13 Bankruptcy to Chapter 7.
Answered on Nov 16th, 2011 at 8:49 PM
Bankruptcy Attorney serving Livonia, MI
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Charles J. Schneider, P.C.
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If it is a chapter 13 your case may be dismissed.
Answered on Nov 16th, 2011 at 7:34 PM
Bankruptcy Attorney serving Hayward, CA
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Carballo Law Offices
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If you are in a Chapter 13 and cannot make your payments then case will be dismissed. You can dismiss it voluntarily or convert it to a Chapter 7 case if you are eligible.
Answered on Nov 16th, 2011 at 7:33 PM
1 Award
If you are in Chapter 13 it will be dismissed. Before then, see if you want to convert to Chapter 7. Speak to a lawyer ASAP. You can also talk to the trustee if the delay will be a week or so.
Answered on Nov 16th, 2011 at 4:25 PM
judith runyon
The Trustee will dismiss it.
Answered on Nov 16th, 2011 at 4:25 PM
Bankruptcy Attorney serving Seattle, WA
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Symmes Law Group, PLLC
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If you fail to make your bankruptcy filing fees your case will be dismissed. If you miss an installment payment you should be able to make it up in the next month.
Answered on Nov 16th, 2011 at 4:25 PM