Chapter 13 Plans Can Change

Change Your Plans

It’s possible to change the terms of your chapter 13 plan. Payment terms can, with court approval, change even after the plan is confirmed. For example, if you have a permanent change to your income, the court can approve a lower payment. Continue reading

Change Your Chapter 13 Plan

A client told me recently that her employer reduced her hours. She expects to earn $500 per month less that her previous income. Fortunately, chapter 13 provides flexibility in situations like hers. In many cases, its possible to change the payment amount. The law requires a showing of a substantial change in circumstances. She should have no trouble in meeting this requirement. Continue reading