If I am in a Chapter 13 and recently lost my job, what will happen if I will no longer be able to pay my trustee?
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If I am in a Chapter 13 and recently lost my job, what will happen if I will no longer be able to pay my trustee?
I am currently making my payments on-time.
Asked on April 20, 2012 under Bankruptcy Law, Georgia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If you are in a Chapter 13 bankruptcy (re-organization of debt with creditors) as opposed to a flat out liquidation and you have lost your job where you might not be able to continue paying your creditors per the court schedule and the bankruptcy trustee, there is a chance that the Chpater 13 bankruptcy filing may be dismissed as to you do to your failure to adhere to the bankruptcy plan approved by the court.
I suggest that you consult further with your bankruptcy attorney with respect to your current financial situation and the fall out if you cannot make your payments to your creditors and the trustee.
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