Key takeaways
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Some Chapter 13 bankruptcy payments may be changed or suspended depending on the details of your case.
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You may be able to consolidate payments or adjust the amount you pay in order to make your Chapter 13 payments more affordable. Deferment is another option.
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Other options include asking for a hardship discharge, changing to Chapter 7 bankruptcy or dismissing and refiling your case.
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Consult a bankruptcy attorney or trustee to find out if you are eligible to modify or suspend your payments.
If you find yourself in a situation where you’re unable to keep up with Chapter 13 bankruptcy payments, it may be possible to have the payments deferred or even have the repayment plan modified.
Deferrals are a temporary solution for those experiencing unexpected or sudden financial challenges. Typically, payments can be put off for a month or two. After that, you may need to consider requesting a modification to your repayment plan or switching to Chapter 7 bankruptcy. Here’s how to decide if deferring Chapter 13 payments is right for you.
What if I can’t make the payments on my Chapter 13 plan?
One of the most common questions people in debt ask