Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
1) How many are in your household?
2) When you said your "bankruptcy down from 154000 to 70000", did you mean your income went down from 154000 to 70000?
four in family
i have my bankrupty paid down to 70000 just wonderd what happens if i would stop paying . what would the irs do about the ballance
would like to get it rewrote for another 5 yr
5 years is the absolute maximum amount of time that is allowed for the Chapter 13 payments. Accordingly, it is not possible to get a 5-year extension.
However, if your income has decreased, and/or if your allowable expenses have increased, you can ask for a reduction in your monthly payment. This is called a "modification".