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Determined by taking your income and subtracting expenses- anything left over is the required payment.

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14y ago

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Chapter 13 bankruptcy be dissimisal?

You can get a Chapter 13 bankruptcy dismissal by asking your lawyer to ask the trustee for a dismissal. If you are having trouble making the payments, you can ask for you bankruptcy to be modified.


Can chapter 13 bankruptcy payments go up?

Yes, they may.


You are financing a vehicle but you can no longer afford payments what can you do?

Talk to the lender, or you can file Chapter 13 Bankruptcy to lower the payments where you can afford them.


Can you keep your home if you file a chapter 13 bankruptcy?

Yes, as long as you keep making the payments.


How much would your payments be on chapter 13 bankruptcy on 100 000?

A chapter 13 bankruptcy on 100,000 dollars would cost around 500 dollars a month. This estimated on how much stuff a person has.


When filing chapter 13 repayment plan do you still have to make your current monthly payments or through filing bankruptcy can they be lowered?

You have to make whatever payments are required as determined by the BK analysis, which should be lower than trying to make all your normal payments.


What happens if you are in bankruptcy and then become unemployed?

If you are in a chapter 13, if you are no longer able to make plan payments, you must either convert to a chapter 7 or dismiss the 13.


Can you file bankruptcy in Ohio then move to Germany before the bankruptcy is complete?

Yes, you can move anywhere you want to, but if you are paying payments (Chapter 13) you are still legally obligated to make the payments.


What is a Chapter 13 trustee used for?

Chapter 13 trustee is an entity, generally an individual, with the responsibility of managing a chapter 13 bankruptcy estate. The Chapter 13 receives the debtor's monthly payments and then distributes those funds proportionally to the debtor's creditors.


How soon after filing chapter 13 can you hope to buy a home?

The best time to purchase a new home after filing for Chapter 13 bankruptcy depends on how long your bankruptcy will be. If you have your payments on a five year plan, then you may have to wait a little longer.


Can you refinance in chapter 13?

Yes. If you have had 12 months of on time payments to the truste and your mortgage has been paid on time,While participating in a Chapter 13 bankruptcy, no major financial transactions are allowed w/o the permisson of the bankruptcy trustee.


Is a revolving credit card account considered past due if it was part of a Chapter 13 bankruptcy?

A revolving credit card account included in a Chapter 13 bankruptcy is not considered past due as long as you are making the required payments according to the bankruptcy repayment plan. During Chapter 13, your debts are reorganized, and creditors must cease collection efforts. However, if you fail to make the payments outlined in the plan, the account could become past due. Always consult with your bankruptcy attorney for specific guidance related to your situation.