Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Has your income decreased?
If so, has it decreased to below the state median for your family size?
It is exactly the same but my living expenses have gone up. Texas did not allow for rent expense, only mortgages.
The Chapter 13 plan period depends on the debtor's income only - not on his expenses.
I will check the state median for Pennsylvania.
What is your household size?
1 person, $85k. I'm sure I'm above median.
so no way to decrease from 60 months?
Yes - you are.
So, it is not possible to have the period reduced from 60 months.
However, if your expenses have significantly increased, you can apply for a reduction in your plan payment amount - this is called a "modification".