Can a Person Add Debt to Their Chapter 13 Bankruptcy?

Can a Person Add Debt to Their Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is a type of bankruptcy that allows individuals to repay their debts over a period of three to five years. This type of bankruptcy is often used by people who have a regular source of income and want to repay their debts but cannot do so under the terms of their current repayment plan.

One of the benefits of Chapter 13 bankruptcy is that it allows a person to add new debts to their bankruptcy plan. This can be useful for several reasons. For example, if a person incurs a new debt after filing for bankruptcy, they may be able to include that debt in their bankruptcy plan and repay it throughout their bankruptcy.

In order to add a debt to their Chapter 13 bankruptcy, a person must first obtain permission from the bankruptcy court. This typically involves submitting a request to the court and providing details about the new debt, such as the amount owed and the creditor's name.

If the court approves the request, the new debt will be added to the person's bankruptcy plan, and they will be required to make payments on the debt along with their other creditors. This can help the person repay the debt and avoid defaulting on the loan.

Chapter 13 Bankruptcy Attorney Free Consultation

If you are looking for a legal advice about chapter 13 bankruptcy law or in need an attorney, call this law firm for free consultation. We have the Best Attorneys in Utah.

Ascent Law LLC

8833 S Redwood Road Suite C

West Jordan UT 84088

(801) 676-5506

https://www.ascentlawfirm.com

Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.

Location: Sandy, UT, USA

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