Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Nothing happens to your bankruptcy assuming that you stated your intention to modify the loan in your Chapter 13 plan . Also,you must obtain approval from the bankruptcy Court for the loan modification. While in Chapter 13, you must obtain the bankruptcy Court's approval to incur new financial obligation.
Thank you for the information.
When you are in Chapter 13, you must let the Trustee and the Court know if you are going for loan modification.