Quitting a Ch13

[Okieblue]

I am for sure dwelling on it too much, it almost consumes me, last thing I think of when I go to sleep and first thing I think of when I get up. We live pretty much like we did before we filed, only thing is now, I am more honest about how much we spend, no more $300 for groceries with cash, but then spend another $200 on food using a cc. I understand the concept of a 13, but living it for 60 months is a *****. I wonder if at this late date we could actually modify it? I just want the control.

[LadyInTheRed]

The lack of control, I have turned into an insecure hoarder and feeling like success is punished.

Why are you hording? Is there something you want to sell that you are holding onto because of your Chap 13? Depending on what it is, if it was an exempt asset at the time you filed, you might learn from a quick call to your attorney that you can go ahead and sell it. There really should be nothing to be insecure about. If you share more about your concerns, maybe we can help.

BK is a way to eliminate debt you are unable to pay, not a punishment for success. In a 13, in exchange for eliminating your debt, you agree to submit all of your disposbile income to your plan for a finite amount of time. You pay what you can afford within a reasonable amount of time instead of struggling for years to pay off debt that seems to shrink so slowly. You will reap the rewards of your success long after you are done with your 13. That includes success in your carreer AND the success of completing your Chap 13 plan.

You don't have to bring in a salary to be of value. If you don't have enough to keep you busy and can't stomach paying more to your creditors, why not do volunteer work?

I feel like I am in much more control since being in Chap 13. The only difference between now and before I filed is that instead of paying several creditors, I make one payment to the trustee and can afford my living expenses without using credit. If it weren't for my participation on BKforum, I would hardly think about my BK. Could it be that you are dwelling on your BK too much?

[keepsmiling]

We can change the way we perceive things. Look at the big picture and think about where you will be in less than 4 years.
Also... it's possible that your plan is not well designed and could be revisited.
It would be nice, tho, if a 13 came with free counseling. I'm sure most could use some after/during all the stress. I'm sure there often isn't anything in the budget to allow for it.

[keepsmiling]

Have you considered what you will do instead?

[Okieblue]

The lack of control, I have turned into an insecure hoarder and feeling like success is punished.

[LadyInTheRed]

I think you answered your own question. If you let your 13 get dismissed all of your debts will go back to where they were before you filed, except for anything that has been paid during your BK. Penalties and 14 months interest will be added to your debt. And, yes, you'll owe your attorney whatever he/she hasn't been paid. If your cars loans haven't been paid at the rate the original contract called for, those loans will be deliquent.

As far as getting a job is concerned, you really should look at the long term. If you want to work, go to work. Yes, if you don't have increased expenses to match your increased income, your income will go to unsecured creditors. But, you'll come out of your Chap 13 with a job instead of having to look for a job after a long period of unemployment.

What is making your Chap 13 so hard?

[Okieblue]

What is the damage, if we were to dismiss after 14 months in? $69K debt, plus all those fees and whatnot, plus still owing atty fees. Only our vehicles are included with the monthly payment now, 10% to unsecureds, atty fee. Yet, I feel trapped. I would like to work, but does it make sense financially to work if I have to turn around and pay it to the trustee towards unsecureds anyway.