If I miss 2 payments in a row on my Chapter 13 repayments, will they dismiss it or put me on strict compliance?
Question Details:
Good question. The answer to your question really depends upon the bankruptcy judge and the trustee's recommendations. Most likely if you miss your monthly installments under your Chapter 13 reorganization, it will be up to the creditor to inform the court and trustee of the problem via a motion if you do not on your own catch up on the deficiency.
If you do, no problem. If not, and a motion is filed, potentially the court will give you a "grace period" to cure the default and set the matter for review several months down the line with the caveat that if you fail to cure the deficiency, your Chapter 13 bankruptcy filing will be dismissed.