Legal Question in Bankruptcy in Texas

Chapter 13 questions

I am in Ch.13. I recently found out that I really didn't need to be since we were current with our house payments. At this time, we are about to incur significant medical bills, and our CH 13 payments are about to be increased to the point where we will have great difficulty in paying them. My question is what happens if we quit paying the trustee, and our Ch 13 is dismissed? I know creditors will want payment, but all is unsecured debt. How does this affect credit report other than being reported?


Asked on 6/08/05, 5:18 am

2 Answers from Attorneys
Jeffrey Hacker Law Offices of Jeffrey R. Hacker, PC

Re: Chapter 13 questions

You can convert to Chapter 7, which will wipe out your unsecured debt and close the Chapter 13. You'll need your attorney to file the conversion paperwork and there will be another 341 meeting

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Answered on 6/08/05, 5:44 am
Dinesh Singhal Singhal & Associates

Re: Chapter 13 questions

Instead of just letting it get dismissed, you should consider converting it to Chapter 7 that will get you discharged from unsecured debts.

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Answered on 6/09/05, 10:01 am


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