Posted on: 18th May, 2010 06:14 pm
I was unaware that I could not borrow or take out small loan while on Chaper 13. Payments made each month leave us living hand to mouth, I recieved a check in the mail by a small finance company and cashed it and was making payments until I my medicines increased and I could not longer make the required payment on the small loan..now they just sent a letter to me and to my lawyer (who is of no help) along to the trustee asking to dismiss our bankruptcy...what does that entail?
Hi sabtbutts,
If the bankruptcy filing is dismissed, then your creditors will be able to come after you for the dues. Your properties can get foreclosed and the creditors will be able to sue you in the court. You can refile the bankruptcy after that. However, you should ask your bankruptcy attorney to contact the trustee and check out if he can put a hold on the dismissal and give you another chance.
Thanks
If the bankruptcy filing is dismissed, then your creditors will be able to come after you for the dues. Your properties can get foreclosed and the creditors will be able to sue you in the court. You can refile the bankruptcy after that. However, you should ask your bankruptcy attorney to contact the trustee and check out if he can put a hold on the dismissal and give you another chance.
Thanks