What happens if you are currently in a Chapter 13 bankruptcy and you get laid off from your job?
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What happens if you are currently in a Chapter 13 bankruptcy and you get laid off from your job?
Asked on May 15, 2009 under Bankruptcy Law, Texas
Answers:
B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
You may need to modify your Chapter 13 plan, or you may need to change the case over to a straight bankruptcy. In any event, the layoff is something that will need to be reported to the court and your creditors.
This is a difficult situation, but not an unusual one. A qualified bankruptcy attorney can help you with this, and quite possibly can save you much more than his or her fee. You can find lawyers a number of ways, including at our website, http://attorneypages.com
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