I am into almost 4 years of a 5 year bankruptcy but due to a substantial decrease in income I asked to see if I could get my monthly payments lowered because I could no longer afford to make the payments. The lower payments were granted but to my surprise the case was extended almost 2 years! Is this common?
Trustee's cannot legally extend past the 5 yr rule ! Thus, do what is needed to confirm. If legal, borrow or sell something..to accomplish your goal. Or receive a gift possibly of enough to pay off the plan to assure completion. But make sure you discuss with an attorney first as even "gift" could possibly be required to be noticed and disclosed. Local rules can affect so local bankruptcy attorney use and do it right.
No, this is absolutely incorrect. A Chapter 13 plan cannot be extended beyond 60 months. Consult with the attorney who prepared the chapter 13 case, if you have one. If not, find one in your area or contact the Chapter 13 Trustee's office.
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Atty Shields is correct. 60 months is the statutory max. I know of no case law extending the 60 months rule.
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Some districts will allow 60 months from confirmation but that would usually not be more than a total of 63-66 months from filing. If it would take 6+ years from filing I'd say they should have denied the plan modification and dismissed your case if you couldn't make the required payments.
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