MenuIf you miss payments on your chapter 13 plan, you risk being dismissed from your bankruptcy case, or in more unusual circumstances converted to chapter 7. If your case is dismissed, your creditors will be able to resume efforts to collect from you, and you will not receive a bankruptcy fresh start. If a case is converted, a chapter 7 trustee will be appointed to sell your non-exempt property and pay your creditors.
Plan Modification
After confirmation, a chapter 13 plan may be modified to account for new circumstances. Modifications may affect plan payments, duration, and distributions. Modifications are typically initiated by the debtor or the standing trustee, although unsecured creditors may do so as well.
