Lynch Law Offices, P.C.
Call Us Now for a FREE Consultation:
Offices in Four Convenient Locations

Cannot keep up with Chapter 13 repayment plan

Getting a bankruptcy approval can bring a lot of relief, financially and emotionally. For those who end up with a Chapter 13 repayment plan, it may seem great -- until it becomes too difficult to keep up with payments due to unexpected life events, such as changes in employment and income. What can Illinois residents who cannot keep up with their Chapter 13 repayment plans do?

The key is to be proactive in one's approach. It is better the address the issue swiftly and head-on rather than wait until it becomes a big problem. What does that mean?

Knowing one is going to miss a payment and doing nothing about it can have significant consequences. The court could end up dismissing one's bankruptcy, meaning creditors have every right to start calling for payment. No one wants to deal with that, but it can happen.

Before missing a payment, talking to the bankruptcy trustee and one's legal counsel to address the situation is a must. A short term solution may be worked out. If that is not possible, it may be time to consider filing a motion to modify the repayment plan. This is something with which a bankruptcy attorney can assist.

Life changes happen, usually at the worst time possible. When they do and they put a Chapter 13 repayment plan in jeopardy, it is okay to do something about it. Illinois residents may have options available to them, but they won't know unless they ask. An experienced bankruptcy attorney will be able to answer any questions and help request changes to their current plans -- if doing so is deemed appropriate.

Source:, "Defer Chapter 13 Bankruptcy Payments To Avoid Missing A Payment?", Justin Harelik, Accessed on Nov. 20, 2017

No Comments

Leave a comment
Comment Information

How Can we Help You? Contact An Attorney

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Four Convenient Office Locations To Serve You

Toll Free: 800-491-7493 Fax: 888-691-8337

Five Convenient Office Locations To Serve You

Lisle Office - DuPage County
1011 Warrenville Road
Suite 150
Lisle, IL 60532

Map & Directions

Lockport Office - Will County
900 South State Street
Second Floor, Suite A
Lockport, IL 60441

Map & Directions

Aurora Office - Kane County
1444 North Farnsworth
Suite 100
Aurora, IL 60505

Map & Directions

Palatine Office - Cook County
800 East Northwest Highway
Suite 700
Palatine, IL 60074

Map & Directions

Chicago Office - Cook County
1 S Dearborn
Suite 2100
Chicago, IL 60603

Map & Directions

Toll Free: 800-491-7493 Fax: 630-960-4755