I`m 30 months into a 13 with an 80% payback on 120k unsecured cc debt. I own a home with an equity loan both being paid outside the 13. I also have an auto loan outside the 13. My question is, if my income goes down substantially and my wife loses her job, will I be able to convert to a 7 without losing the house or car? This is assuming I have just enough to cover the mortgages and car payment as well as expenses with 2 kids. Or will the trustee actually take zero for the remaining 30 months if there is no money left over? So far, all payments are current.
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