Remember, the goal of a Chapter 13 bankruptcy is not to have most of the debts erased but to reorganize them and propose a payment plan.
If there is a default in that payment plan, the trustee may have to move to dismiss the case. If the default is not fixed, in some cases the Chapter 13 case will be dismissed.
There will often be one last opportunity for you to propose some type of cure to bring your Chapter 13 plan payments back on track, but if you fail that, it’s back to square zero.
The key to not failing on your plan is to build a smart and manageable plan from the start, something your attorney would be happy to guide you through the process of.
For more information on FAQs In Chapter 13 Bankruptcy In Texas, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (210) 761-5002 today.