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