can no longer pay the planned amount
i am in bankruptcy, and am currently paying the trustee on a monthly basis for about a year..my wife will be quitting her job due to age ( 57 ) and health reasons next month...we will no longer be able to pay the $2200 per month payment set forth in our plan ( paying back 100% of debt )...what happens if we can no longer pay the agreed upon amount that was set when we had 2 incomes
Re: can no longer pay the planned amount
What I said before.
Also, your lawyer may advise you to convert your case to a Chapter 7 liquidation if your new, lower monthly income qualifies you to do so and your circumstances are such that the conversion would be in your best interest.
THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.
Re: can no longer pay the planned amount
What I said before.
Also, your lawyer may advise you to convert your case to a Chapter 7 liquidation if your new, lower monthly income qualifies you to do so and your circumstances are such that the conversion would be in your best interest.
THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.
