What happens if I fail to meet the terms of my repayment plan in a Chapter 11 bankruptcy?

If you fail to meet the terms of your repayment plan in a Chapter 11 Bankruptcy, you could face consequences such as being dismissed from your case or having your discharge denied. In West Virginia, the court may dismiss your case if you fail to make payments on the outlined repayment plan in a timely manner. Additionally, if you do not make payments on the repayment plan as required, the court could deny your discharge. When this happens, you will still be responsible for paying off the debts that you have listed in the bankruptcy. Furthermore, the court could seek to convert your case from a Chapter 11 to a Chapter 7. Chapter 7 allows the court to liquidate your assets in order to pay your creditors. If the court does convert your case to a Chapter 7, then any remaining debts that cannot be paid off through liquidation of your assets will still be owed to creditors. Overall, if you fail to meet the terms of your repayment plan, there are serious consequences. This is why it is important to make sure that you are making your payments as required, and if you have any issues, to reach out to the court for help.

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What happens if I fail to meet the terms of my repayment plan in a Chapter 11 bankruptcy?

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