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Home > Reader Questions > Can the Bank Change My Chapter 13 Bankruptcy Payment Plan Afterwards? – Bryce

Can the Bank Change My Chapter 13 Bankruptcy Payment Plan Afterwards? – Bryce

I filed for chapter 13 in February 2006 with a payment plan that would pay off unsecured debts of credit cards, personal loans, and did a voluntary repossesion of my vehicle. The plan was for a dollar amount to be paid over 56 months. About April 2010 I recieved a letter from the Trustee stating the current payment plan would not be sufficient enough to pay the remaining balance. I found out that the Bank sold the vehicle at auction for almost $10,000 less than what I owed, and filed for me to pay the remaining balance, adding that much more money with less than a year left on the plan.

After filing a Chapter 13 and agreeing on a payment plan, can the bank come back and add on money after the fact?

Bryce

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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Lewis Roberts

    We need a lot more information to be able to help you. It sounds like you either have sufficient disposable income, or possible unexempt assets, which requires you to pay more in your plan.

    Or somehow your plan was confirmed with deficiency in paying towards your creditors.

    Do you have an attorney that filed the chapter 13? If so, what does he or she say?

  • Lewis Roberts

    We need a lot more information to be able to help you. It sounds like you either have sufficient disposable income, or possible unexempt assets, which requires you to pay more in your plan.

    Or somehow your plan was confirmed with deficiency in paying towards your creditors.

    Do you have an attorney that filed the chapter 13? If so, what does he or she say?

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