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  1. #1
    Join Date
    Jan 2016
    Posts
    1

    Unhappy Unable to Keep Up with Chapter 13 Payment Plan, but Probably Ineligible for Chapter 7

    My question involves bankruptcy in the state of: Missouri

    Evening,

    I got my third motion to dismiss in a year and I have made deals to keep this chapter 13 going (which always means an increase in payment) and I find it very hard to keep up with payments with life getting in the way. My husband took a large ($20,000+) pay cut just prior to our bankruptcy and it has been next to impossible to keep up with payments. It isn't like we are spending on vacations or luxury items. We are just trying to pay the bills and the trustee. He told us with my husband's income we still wouldn't qualify to convert to chapter 7 and just work with the bank ourselves. I am in amazement that this is considered relief. So what would you do? Allow the dismissal, try to work with the bank and hope creditors don't sue us? Is it possible to file another chapter 13? I am just at a loss and so tired of feeling like I am drowning.

    Thanks ahead for any advice.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Unable to Keep Up with Chapter 13 Payment Plan, but Probably Ineligible for Chapt

    Yours isn't really a legal question -- it's much more of a financial question. You should consider discussing your situation and possible remedies with the lawyer who helped you file your bankruptcy petition.

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