Can My Chapter 13 Payment Change?

It is possible that your Chapter 13 bankruptcy payment can change over the course of your bankruptcy. You will want to discuss this issue with your attorney in more detail.

A few common reasons are as follows:

If your monthly mortgage payment or Conduit Payment is included in your Chapter 13 plan payment and your mortgage payment increases as a result of as a result of a variable rate mortgage.

If a claim is filed in your bankruptcy by a creditor that is significantly higher than what was originally scheduled.

If additional attorney fees/”non-base” fees are added to your bankruptcy. See your attorney for more information on what non-base fees may apply.

If you fall behind on your Chapter 13 payments and the Trustee files a Motion to Dismiss. The Trustee may have to increase your plan payments to make up for the payments you missed.

Typically, the Chapter 13 bankruptcy payment will not change.  However, in a 36-60 month or 3-5 year time period a lot of things can happen to change that.  Again, you’ll want to touch base with your attorney to find out if your unique situation may cause your Chapter 13 bankruptcy payments to change.