Falling behind on your Chapter 13 bankruptcy payments can be a stressful and overwhelming experience. However, it’s essential to understand that you do have options available to you. In this guide, we’ll discuss what can happen if you get behind on your Chapter 13 payments and what steps you can take to get back on track.

If you fall behind on your Chapter 13 bankruptcy payments, you risk having your bankruptcy case dismissed. When you file for Chapter 13 bankruptcy, you’re asking the court to stop your creditors’ collection efforts so that you can reorganize your debts and pay them off over time. However, suppose you stop making your payments. In that case, you’re no longer following the terms of the court-approved repayment plan, and your creditors may be able to resume their collection efforts.

If you need to catch up on your Chapter 13 bankruptcy payments, it’s important to take action as soon as possible to get back on track. Here are some steps you can take:

1. Contact Your Bankruptcy Attorney

Your bankruptcy attorney can help you understand your options and work with you to devise a plan to get back on track with your payments.

• File a Motion to Modify Your Repayment Plan

Suppose your financial circumstances have changed since your bankruptcy case was filed. In that case, you can file a motion to modify your repayment plan. This motion to modify can allow you to lower your monthly payments to an amount that’s more affordable for you.

• Seek a Forbearance Agreement

You can negotiate a forbearance agreement with your creditors, giving you some breathing room and allowing you to catch up on your payments over a set period.

• Convert Your Case to Chapter 7 Bankruptcy

If you cannot make your Chapter 13 payments, you can convert your case to a Chapter 7 bankruptcy. This can allow you to discharge most of your debts and get a fresh financial start.

While falling behind on your Chapter 13 bankruptcy payments can be stressful, it’s important to remember the benefits of Chapter 13 bankruptcy. This type of bankruptcy can help you:

• Stop creditor harassment
• Stop foreclosure proceedings
• Repay your debts over time at a more affordable rate
• Keep your assets, such as your home and car

If you need to catch up on your Chapter 13 bankruptcy payments, taking action as soon as possible is important to get back on track. Contact your bankruptcy attorney to discuss your options, including modifying your repayment plan, seeking a forbearance agreement, or converting your case to Chapter 7 bankruptcy. Remember the benefits of Chapter 13 bankruptcy and know that you have options available.