Reader Questions

Our Chapter 13 Bankruptcy Was Dismissed. What Happens Now? – Kim

We filed chapter 13 br just over 2 years ago. My huband was laid off from his 8 year job just over 5 months ago decreasing our income substansially. Before his job was finished, we contacted our br attorney to discuss what our otpions would be to continue our monthly br payments for the plan based on our new income. They were not able to modify our plan based on the sizable debt. He reccomended trying to refinance our mortgage which did not go through. Since, we have not been able to juggle our $1500 a month br repayment and $1000 mortgage and have fallen behind on the bankruptcy payments causing a dismissal. I am waiting to hear back from the attorney on our plan of action. Based on what he told us prior on the what if this happend, our case will be dismissed cold. What if any is our recourse? We are fearful of losing our home amongst what is left of our income. Please help.

Kim




This reader question was submitted for site members to answer.

This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.

If you have a credit or debt question you’d like to ask just use the online form.


READ  I'm Being Sued by a Creditor And Was Told Only Chapter 13 Bankruptcy Might Be Right For Me. - Tim



About the author

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.

Share a Comment / Leave a Reply

Scroll to Top
%d bloggers like this: