Bankruptcy Repayment Plans

Possible Ways to Change Your Chapter 13 Bankruptcy Plan (Part 2)

May 20, 2013

As a continuation of Possible Ways to Change Your Chapter 13 Bankruptcy Plan (Part 1), here are some additional circumstances that could make debtors eligible to petition bankruptcy trustees to alter their Chapter 13 bankruptcy plans. Debtors are hit with unforeseen expenses – While these expenses will not necessarily constitute new debt, they can divert…
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Possible Ways to Change Your Chapter 13 Bankruptcy Plan (Part 1)

May 18, 2013

When filing Chapter 13 bankruptcy, debtors work with their bankruptcy trustees to devise a realistic repayment plan that will theoretically allow them to repay their debts within three to five years of filing. However, a lot can change after a Chapter 13 bankruptcy plan has been approved and is in place, and debtors may have…
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