bankruptcy questions
Bankruptcy Chapter 13 questions.. Can I let it get dismissed and file a chapter 7 instead?
Here’s the deal: I am 3 months into a 3 year Chapter 13 bankruptcy. I want to convert to Chapter 7, but it is way too much for me to afford right now. If I fall behind on my Trustee payments (of 90.00 per month), and the Ch 13 is dismissed, will it still show up on my credit? I was given bad advice by a lawyer and he told me that I should file, but after talking with people who are in finance, they tell me it was the wrong thing to do! I am wanting to 1. let my case get dismissed, 2. go to a paralegal to file Chapter 7 or even go through Credit Repair, and 3. rebuild my credit. So my questions are: What should I do as far as steps go? I am very lost and my attorney has not been returning my calls, and I am scared about all this. Can I fire this stupid attorney? Which paralegals are good in TX?
THANKS!
Im not sure why you can not pay $90 a month, since that was only about 5% of what the payments would have been. Since you are so close to being done with the 13, I would just continue on unless the payments are going to go up soon to a much higher number. Either way your credit will be a mess since it will still be on your credit. Also, depending upon your situation, you may not be able to file a Chapter 7 since they changed the laws last year. It affected abou 80% of the BK’s out there.
Go to www.communtyempower.com and read their FAQ on credit. It may help.
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