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Bankruptcy Law/Disabled while on Chapter 13

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Expert: Terry Leeders - 6/29/2009


Question
I have been paying on a Chapter 13 bankrupty for almost 3 1/2 years, with 1 1/2 years remaining.  Social Security and the State of Idaho have just determined that I am disabled and qualify for SSI and disability, which severely limits my ability to work.  Is there any way to be excused from the Chapter 13 because of this?

Answer
You can do one of the following:
1. convert to ch7 if eligible, and you currently spend what you make on your monthly living expenses.
2. You can petition the court for a modified plan, based on any changes in income/expenses if you stop working etc.

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Terry Leeders

Expertise

Handles Chapter 7 and Chapter 13 bankruptcy cases.
10 years of extensive bankruptcy experience. Filed over 3000 cases
Chicago Bankruptcy Lawyer website
"One On One Personal Service You Deserve"

Experience

I have been practicing bankruptcy law for 10 years. I have helped over 3000 consumer bankruptcy clients in that time.

Organizations
Chicago Bar Association Illinois Bar Association

Publications
author of Chicago Bankruptcy Blog
Chicago Chapter 13 Bankruptcy Blog
Illinois Bankruptcy Law Blog
Fresh Start Partners

Education/Credentials
University of Illinois Thomas M. Cooley Law School
Chicago Bankruptcy Lawyer website

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