The amount of your Chapter 13 payments are based upon your income, your monthly living expenses, and the amount of your total debts. This is known as the means test which is a pre-determined standard of living based on Internal Revenue Service standards. The Court will allow you to keep and spend so much of your income as determined by the means test. See similar questions...

Each Chapter 13 is a unique plan based on your income, your expenses, your bills, the type of bills they are and several other factors, so each person’s payment is different. Give Burns & Wincek, Ltd. a call and speak with, one of our experienced attorneys to discuss your situation, today. See similar questions...

If the debtor cannot make a chapter 13 payment on time according to the terms of the confirmed plan, the debtor should contact his attorney. The attorney will contact the trustee by phone and by letter advising the trustee of the problem and whether it is temporary or permanent. If it is a temporary problem and the payments can be made up, the debtor should advise his attorney of the time and manner in which the debtor will make up the payments. See similar questions...

Your Chapter 13 payments should be made payable to Chapter 13 Trustee and you should include your name and case number on your payment and mail it to: See similar questions...

A first payment must be made to the Chapter 13 Trustee within thirty (30) days of filing your bankruptcy plan. This payment (whether one, one and a half or two full monthly payments) is delivered to the Trustee at the First Meeting of Creditors. After the first meeting, your plan payments should be sent only to the Trustee's payment address. Be sure to keep the receipt for each payment. See similar questions...

Most of our clients have the Chapter 13 plan payments deducted directly from their paycheck. In the Eastern District of Texas, if for some reason you need to mail your payment directly to the Trustee, Janna Countryman, her address is: The payment must be either a cashiers check or money order made payable to "Standing Chapter 13 Trustee". Make sure you print your name, case number and SSN on the check. See similar questions...

In either case, be sure to make payment by money order or cashier's check only, and put your name and the case number on your payment. See similar questions...

It is very important to contact your attorney if you ever expect to miss a payment due to layoff, medical disability, etc. If you are temporarily out of work, injured, or otherwise unable to make the payments required under the Chapter 13 plan, the Court may upon proper application allow you to suspend payments for a period of time. See similar questions...

Debtors who have unexpected financial problems in a chapter 13 case should immediately consult with their attorneys. It is often possible to deal with changed circumstances by amending the chapter 13 plan. Also, it is sometimes possible to add to the plan debts that were incurred after the chapter 13 case is filed, so that they will be discharged with other debts at the completion of the plan. See similar questions...

Chapter 13 is entitled "Adjustment of Debts of an Individual With Regular Income." The desired result of a plan in Chapter 13 is an adjustment, or a restructuring, of the debts of an individual or couple. Typically, the plan is used to restructure debts that a Debtor could not afford, so that the Chapter 13 plan actually can have the effect of reducing a car payment that is high and/or making up house payments that are behind. See similar questions...

You typically file a Chapter 13 if (1) you are behind on a house or a car and you want to keep it, (2) you recently filed a Chapter 7 and can’t file another one, (3) you are making too much money to file a Chapter 7 or (4), you have some kind of property that would not be protected in a Chapter 7. See similar questions...

The debtor must begin making payments to the chapter 13 trustee within 30 days after the debtor's plan is filed in the court, and the plan must be filed with the court within 15 days after the case is filed. The payments must be made regularly, usually on a weekly, biweekly, or monthly basis. If the debtor is employed, some courts require the payments to be made by the debtor's employer, otherwise, the payments cm be made by either the debtor or the debtor's employer. See similar questions...

If the debtor is temporarily out of work, injured, or otherwise unable to make the payments required under a chapter 13 plan, the plan can usually be modified so as to enable the debtor to resume the payments when he or she is able to do so. If it appears that the debtor's inability to make the required payments continue indefinitely or for an extended period, the case may be dismissed or converted to chapter 7. See similar questions...

if the debtor is unable to complete the payments due to circumstances for which he or she should not be held accountable, close the case and obtain a partial chapter 13 discharge as described in the answer to Question 6 above. See similar questions...

If you truly cannot make payments on your home or other assets you're probably better off filing Chapter 7 and using the money you would have spent on Chapter 13 to survive on. See similar questions...

If the debtor cannot make a chapter 13 payment on time according to the terms of the confirmed plan, the debtor should contact the trustee by phone and by letter advising the trustee of the problem and whether it is temporary or permanent. If it is a temporary problem and the payments can be made up, the debtor should advise the trustee of the time and manner in which the debtor will make up the payments. See similar questions...

Chapter 13 or "reorganization" allows debtors with a steady income to pay off all or part of their debt over a 3 to 5 year period instead of surrendering property. Chapter 7 or "straight bankruptcy" is the most drastic type of bankruptcy. Debtors turn over all of their assets to a court representative for distribution to creditors. Unlike Chapter 13, there is no repayment plan. The court will then declare that legally, the debtors are no longer in debt. See similar questions...

Chapter 13 Bankruptcy is also known as a reorganization bankruptcy. Chapter13 bankruptcy is filed by individuals who want to pay off their debts over a period of three to five years. This type of bankruptcy appeals to individuals who have non-exempt property that they want to keep. It is also only an option for individuals who have predictable income and whose income is sufficient to pay their reasonable expenses with some amount left over to pay off their debts. See similar questions...