What would happen to me if I quit paying on my Chapter 13?
Answers:
Your bankruptcy would be dismissed, and all of your creditors will come after you for the money you owe them, minus however much has been paid you've paid so far. Once you filed bankruptcy, the statute of limitations stops ticking, so the creditors will be able to sue you.
If you have a home or vehicle loan, you might be foreclosed upon or you vehicle repossessed, unless you are up-to-date on your loans.
Your credit report will get even worse unless you are able to catch up on all the back payments you have missed, especially since you now have the bankruptcy on your record. You can probably forget about getting a loan for a very long time.
You need to speak to your bankruptcy attorney about your options
Besides having your wages attached, your home sold at auction and your already wrecked credit wrecked even more?
yep what he said if you think its bad now wait... and spend the money on a tent and sleeping bag could be your new place...
did you agree before the judge to make these payments?
absent a darn good reason for not doing so, if you simply stopped, might you then not be in contempt of court? how does a fine for contempt and instant jail time sound?
oh.
Try it and see what happens....
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