Bankruptcy Lawyers in Tampa Can Help if You are Unable to Make Your Chapter 13 Bankruptcy Payments
A Chapter 13 bankruptcy is a common course of action for many distressed consumers, as any bankruptcy lawyers in Tampa will tell you. This chapter of bankruptcy involves the debtor entering into a payment plan in order to satisfy a portion of the money owed to his or her creditors. However, since serious financial distress is what usually causes someone to go through a Chapter 13 bankruptcy, it is often possible for a debtor to have trouble even making their payments as required by the bankruptcy agreement. What happens then?
If you find yourself unable to make your Chapter 13 payments as outlined in the bankruptcy agreement reached between you and your creditors, it may be extremely wise to contact your bankruptcy lawyers in Tampa for further guidance. They will likely tell you that the first step should be to contact the trustee assigned to your bankruptcy case and alert them of the situation, and whether the problem is temporary or permanent. If it is a temporary issue, and you can inform the trustee of how the missed payments will be made up over time, it is likely the trustee will agree to this slight reform to your payment plan. However, if your situation is more serious and is permanent, the trustee may request that your case be dismissed or converted into another chapter of bankruptcy. However, your bankruptcy lawyers in Tampa may also be able to help you work with the trustee to modify your payment plan in this scenario, which may result in more feasible payments for your current financial situation.
If you are considering Chapter 13 bankruptcy, have already entered into a Chapter 13 payment plan and now find it hard to make your payments, or simply have questions about bankruptcy in general, contact the bankruptcy lawyers in Tampa at Yesner & Boss, P.L. today to set up a free consultation.
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