Legal Question in Bankruptcy in California
consequences of losing job while in Ch13
I just started a 5 year repayment plan under chpt13 and am wondering what the consequences would be under the following situations: 1. I lam fired or laid off from my job 2. I voluntarily quit and take a lower paying job and cannot afford the full monthly payment to the trustee under the plan. 3. I voluntarily quit to become a full-time grad student and receive an aid package and stipend through the university. Thanks!
Asked on 6/03/07, 3:07 pm
1 Answer from Attorneys
Robert F. Cohen
Law Office of Robert F. Cohen
Re: consequences of losing job while in Ch13
You can try amending the plan if you can keep up payments. If not, you might try to convert it to a Chapter 7.
Answered on 6/03/07, 4:48 pm
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