Get Bankruptcy B10 (Modified) 2011-2024

To amend a Chapter 7 bankruptcy petition, complete an amendment form and submit it to the bankruptcy court clerk. You are required to sign the form under penalty of perjury, just like your bankruptcy petition.

If you incur a new debt after you file for bankruptcy, it can never be discharged in that proceeding. You can't go back and add it. Bankruptcy can only address money you owe at the time you file your petition.

In most cases, the court will close your case shortly after it enters your discharge. But the court can reopen your bankruptcy case for a variety of reasons even after you receive your discharge.

Bankruptcy Amendment Procedure You can amend your bankruptcy petition at any time even after discharge. The process starts with the motion to amend your bankruptcy petition. ... You must prepare an amended schedule to include the forgotten debt and then file the motion along with the amended schedule in the court.

This includes future payments. In Chapter 7, you can discharge this kind of secured debt, but only at the cost of sacrificing any equity you have on a home or your car. In other words, the creditor will take your home or your car in Chapter 7. However, in Chapter 13, you may be eligible for a cramdown.

The bankruptcy discharge is an order from the bankruptcy court that does two things: It releases the debtor from liability for certain debts. In other words, the debtor is no longer legally required to pay the discharged debts. Not all debts can be discharged.

Chapter 13 bankruptcy cases can last anywhere from three to five years, and a lot can happen during that time. Fortunately, if your circumstances change, bankruptcy law allows you to modify the Chapter 13 repayment plan so you can still accomplish your goals.

Answer: If your income goes down during your Chapter 13 bankruptcy and you can no longer afford your monthly plan payment, you can to ask the court to modify your plan and reduce your payment amount. Whether the court will allow you to lower your plan payment will depend on a number of factors.

Plan - Amended Chapter 13 Plan -- Pre-Confirmation Once a plan has been filed, any changes proposed by the debtor must be made by filing an amended plan and not by filing a stipulation between the affected parties. ... A chapter 13 debtor who represents him or herself must file the amended plan with the clerk's office.

Unfortunately you are not allowed to extend your Chapter 13 payment plan beyond five years (60 months). (Learn more about the Chapter 13 bankruptcy plan and how long it can last.) If the trustee dismisses your case, you'll owe the $8,000 plus interest on all the debt you paid through your plan over the past five years.

During Chapter 13 repayment, debtors have a responsibility to report any changes in income to the bankruptcy trustee. This is true whether income increases or decreases. ... Debtors who also experience an increase in living expenses may not have to increase their monthly payments when their income goes increases.

There are a few instances where you can add debts to your bankruptcy petition that were incurred after your initial bankruptcy filing date. ... If you file a Chapter 7 and get a discharge then file a Chapter 13 (commonly called a Chapter 20), you can add any new debts to the Chapter 13 petition.

Most courts will not allow you to reopen a closed case just to add a creditor. If this case was a no-asset case, then most courts consider it to be discharged (absent fraud). If your case is still open, you can add creditors for $26.

If a creditor gets a judgment against you and the debt is dischargeable in a Chapter 7 bankruptcy (not all obligations are), filing for bankruptcy will wipe out a creditor's ability to collect. Judgments, however, create a lien on your property. And liens don't go away in bankruptcy automatically.

The answer is yes. You can obtain a loan modification of your mortgage while you are in an active Chapter 13 bankruptcy. However, you must obtain court permission to complete the process. While you are in an active Chapter 13 bankruptcy, you cannot incur new debt without permission from the Bankruptcy Court.