Can You Get Your Chapter 13 Payments Lowered?

January 2, 2022
Can You Get Your Chapter 13 Payments Lowered? A young woman sits at a table with her head in her hands. Unpaid bills sit in front of her.

A lot can happen over the course of a Chapter 13 payment plan that may affect the debtor’s ability to keep up with their payments. And when circumstances change, we often hear the same question, “Can you get your chapter 13 payments lowered?”

Full Story

Chapter 13 Bankruptcy: A Lot Can Happen in 3 to 5 Years

October 16, 2021
A document titles Chapter 13 Bankruptcy. A pen lays on top of the paper.

When a person files for Chapter 13 bankruptcy, then the automatic stay takes effect, which prohibits all collection activities against the individual. This gives the bankruptcy filer, or “debtor,” some breathing room to devise a Chapter 13 payment plan that typically spans the course of 3 to 5 years. However, a lot can happen in 3 to 5 years: Chapter 13 involuntary dismissal, modifications to the payment plan, a hardship discharge, converting to a Chapter 7 bankruptcy, relief from the automatic stay, and much more.

Full Story