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Bankruptcy and new debt

Date: Thu, 01/19/2006 - 14:48
Submitted by on Thu, 01/19/2006 - 14:48
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My mother filed for Chapter 13 a few years ago. She now has new debt which is over $7000. Can she add this debt to the amount that she is paying back?


I think you should talk to the bankruptcy trustee who has set your mother's plan. Basically, the plan can be modified only if there is interruption of income due to job loss or ill health. I am not sure if new debt can be included in the existing plan.

Besides, the chapter 13 plan varies from district to district. It will be better to contact an experienced bankruptcy lawyer who is much familiar with the prevailing judicial laws.


Submitted by john on Thu, 01/19/2006 - 15:32

john

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Concerned 1,

I'm afraid; it would be difficult to include the debts incurred after bankruptcy filing. Moreover it is always advisable to maintain the payment plan suggested by bankruptcy court. However, life has its ups and downs and can take you in new debts after bankruptcy. So it is advisable to get the new accounts approved by the board of trustees before incurring it. If you had done it already, then you can get your new debts included in the payment plan.

Consulting a lawyer would be the best move on your part as referred by John. Do keep us updated if you have any new info.


Submitted by stanley on Thu, 01/19/2006 - 17:17

stanley

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