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In Business Since 1983
In Business Since 1983
706-322-8557

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4 Ways to Prevent Financial Problems From Derailing Your Chapter 13 Plan

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When your bankruptcy trustee finalizes your Chapter 13 payment, your attorney gives you specific instructions to make your payment by the specified due date every month. Missing payments puts your case in jeopardy; if you don't make your payments, your secured creditors may resume their collection activities to take back the collateral that secures your loan, like your home or car.

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What to Do During Chapter 13 Bankruptcy

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If you have filed Chapter 13 bankruptcy, the court will mediate a debt “reorganization” and set payment plans over three to five years. As the debtor, your first priority is to repay your creditors. Then, you need to focus on rebuilding your credit.

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