My wife and I filed Chapter 13 bankruptcy a little over a year ago. Our payment started out around 750.00 a month. The trustee would not go along with the plan, he wanted more money, so now we are up to over 900.00 a month. My wife became disabled in June of this year which dropped out income $1200.00 a month and they say they can only drop our payment down to 700.00 something a month. The only thing we can think of is to file Chapter 7, but we do not want to lose out home, a 1974 mobile home and 1/2 acre of land and a 2004 Ford F150. We already gave back a 2006 Yamaha Motorcycke and a 2007 Kawasaki 4 wheeler, along with a 2008 Chrysler PT cruiser and a camper trailer. We are at our wit’s end. We have more and more medical bills piling up and cannot see the light at the end of the tunnel. I make about 2000.00 a month in my job and my wife has filed for disability.
What would be our best solution? If we file chapter 7 can we keep our home and 1 vehicle we have? Whay do we do to start over free and clear?
The best solution would be to talk to your bankruptcy attorney to see if converting your case is possible. If you can convert your case to a Chapter 7 it seems like a reasonable approach especially based on the change in your lives with the disability.