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Bankruptcy America Online Bankruptcy Support Group
Bankruptcy
Welcome to the Bankruptcy category of the Bankruptcy Support Group. Are you considering bankruptcy? This is the place for discussions about Bankruptcy.
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Discussion: what are our recourse after an unrealistic Ch 13 reorg plan has been submitted? (Read 3784 times)
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what are our recourse after an unrealistic Ch 13 reorg plan has been submitted?
« on: September 07, 2009, 01:12:58 PM »
sodepressed
Newbie
Posts: 1
We filed for Ch 13 (in Pennsylvania) in hopes of a reorganization of debts would enable us to pay. But the plan that our lawyers came up with requires us to pay an amount that is totally impossible. All of my debts were current except for the very high business loan which was the reason that we were filing. There is no way that we can pay. What's going to happen next? We cannot get credit. Do we have any recourse?
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Re: what are our recourse after an unrealistic Ch 13 reorg plan has been submitted?
« Reply #1 on: November 18, 2009, 11:10:31 AM »
fin6
Newbie
Posts: 1
Sodepressed,
Did you ever get a response or resolution to this issue? We are going through the same situation (minus the business part), and I am curious if you resoved this?
I hope it all worked out for you!
Thanks!
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Re: what are our recourse after an unrealistic Ch 13 reorg plan has been submitted?
« Reply #2 on: December 21, 2011, 02:07:42 PM »
Netter33
Newbie
Posts: 20
As the trustee to reevaluate - if you can not pay the amount they are suggesting, they need to work with your budget and that amount should have been discussed at the time of the initial evaluation.
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