can help protect your most important assets, such as a home or vehicle. However, it also requires you to complete a three to five-year repayment plan. Each month, you will be required to pay the Trustee, who will then pay back your creditors. During this time, changes in your financial circumstances could make it difficult or impossible to complete your Chapter 13 plan. Depending on the circumstances, you may be able to file a motion to modify your Chapter 13 payments by: Decreasing the amount of your Chapter 13 payment by adjusting the amount paid to nonpriority unsecured creditors. Temporarily suspending your Chapter 13 payments. It may be possible to receive a temporary moratorium on payments that could last for several weeks. This may allow you time to resolve the financial situation that is causing you trouble. The requirements for modifying your Chapter 13 plan vary depending on the court….
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