top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Can your plan be lengthened from 3 years after confirmation?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Can your plan be lengthened from 3 years after confirmation?

    We are in a 3 year chapter 13. Our trustee wants us to turn in our tax returns annually and I am good with that... I know it's pretty common for them to do this. My question is that if our income goes over medium or increases more than say 10%, is it customary to increase the length of the plan or do we stay at three years but face having our payment increased? Or both?

    Thanks much,
    The Bajan
    Filed Ch 13 Feb 9, 2012, 341 meeting Mar 15, 2012, Confirmed Apr 5, 2012
    Anticipated freedom party Apr 2015

    #2
    After a Chapter 13 plan has been confirmed, it cannot be changed except by the BK court. It would require a Motion by the trustee, in all likelihood via your attorney, to get the court's attention. You do pose an interesting question about income increases and the possibility of amending the Chapter 13 plan duration. If that happens, it does not happen very often!

    Comment

    bottom Ad Widget

    Collapse
    Working...
    X