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You MAY be able to stop your BK..but if you actually mean, can you just not pay your debts and legal obligations without serious conseqeunces to you - presumably you don't want to and feel you have other things much more important...NO..that is what BK is doing for you.
I'm sorry...but good lord the idea is offensive...PAY YOUR DEBTS...LIVE WITHIN YOUR MEANS..... BK (which is what YOU requested and an agreement YOU made to live by) IS ALREADY FORCING OTHER PEOPLE TO PAY FOR YOU (your payment plan is only for a SMALL portion of what you owe)... ISN'T THAT ENOUGH?
Wiki User
∙ 13y ago
Wiki User
∙ 15y agoNo. Absolutely. In fact, the majority of debtors never complete their Chapter 13 repayment plans. Although most people file for Chapter 13 bankruptcy assuming they'll complete their plan, only about 30% of all Chapter 13 debtors do. Many drop out very early in the process, without ever submitting a feasible repayment plan to the court. If you can come up with a realistic budget and stick to it, however, you should have no trouble completing your Chapter 13 plan. You can withdraw from it voluntarialrly and lose the protection of the court, or if you fail to adhere to the plan, the court will dismiss your case. Many people file C13 to get the protection needed until they can negotiate the sale of a home, and then withdraw the case, pay the debt with the sale proceeds.
Wiki User
∙ 17y agoNo, if automatic withdrawal has been implemented by the BK court trustee they will continue until the chapter 13 is discharged or dismissed.
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Can you defer a chapter 13 payment?
yes, if i can
Does interest owed to the Internal Revenue Service stop accruing during Chapter 13 bankruptcy?
Typically a Chapter 13 bankruptcy will require you to enter into a payment plan with the IRS, and interest will be frozen as of the date that you file your bankruptcy petition.
When after filling chapter 13 you start making secure payment?
The moment you propose your payment plan.
Can a creditor or government agency automatically demand payment after a chapter 13 dismissal?
no
Why are your chapter 13 checks written out to the trustee personally?
When it pertains to a chapter 13, the trustee receives the payment amount stipulated in the approved BK, and disburses the funds in accordance to debt priority. Chapter 13's are more expensive than "7's" because of the additional work involved in the payment and accounting of debts.
Can auto and home defiencies and garnesheements be entered into a ch13 bankruptcy?
If you mean, can they be included in a chapter 13, the answer is, they must be. If you mean, can you file a chapter 13 because of garnishments and secured loan payment arrears, yes, that's what chapter 13 is for.
What is the punishment for dismissed for bankruptcy chapter 13?
There is no real "punishment"for not meeting the obligations of chapter 13 (which are usually pretty strict repayment plans). The negative side effect is that filing for bankruptcy will be on your credit report and your payment obligations will be due in full (rather than the reduced payment plans established by chapter 13) which can be very difficult.
What chapter or page does Holden tell us that he stops when girls tell him to stop?
chapter 13
After filing chapter 13 do you have to move out of your house any period of time?
Generally you should not have to because a chapter 13 protects your assets through the payment plan you filed with the court.
Can I change the payment plan after I have already filed Chapter 13?
Many people struggle with keeping up with the strict payment plans that go along with the chapter 13 bankruptcy. Typically when you cannot keep up with your payments you should talk to the court and also consider the possibility of switching to Chapter 7.
What can a trustee take during chapter 13 bankruptcy?
Money for your plan payment, tax refunds.
If you are in a chapter 13 and quit your job can you get in trouble for that?
You can't really get in trouble for quitting your job. You will still have to make your payments whether you have a job or not. You may have to reconfigure your Chapter 13 payment plan.
