Tag Archives: can’t afford chapter 13 payment

Our Chapter 13 Bankruptcy Payment is too High for Us Now. – Kim

“Dear Steve, Two years ago my husband filed a chapter 13 bankruptcy. The payment we were given is extremely high-really too high for us to live with. My husband filed with roughly 20k in unsecured debt, a 30k second mortgage and 7k in past due 1st mortgage payments. The attorney told my husband the payment [...]

How Will Chapter 13 Bankruptcy Help Us if We Can’t Afford the Payment? – Michele

“Dear Steve, We have equity in our home, more then what is owed in unsecured debt. We are considering filing Chapter 13 bankruptcy but can not aford the estimated trustee payment of $2700. If we file we will be unable to pay our monthly expenses and the trustee, combined are near $8700. The debt is [...]

We’ve Taken a Cut in Pay And Can’t Afford Our Chapter 13 Bankruptcy Payment. – Carrie

Carrie “Dear Steve, My husband and I filed Chapter 13 bankruptcy in December of 2008. At the time of filing we made a combined total of $64,000 annually. Our total debt is $237,000 ($200,000 in student loans and $37,000 in credit card debt) and our trustee would not allow us to pay our student loans [...]