How do I modify my repayment plan in Chapter 13 Bankruptcy?

Modifying your repayment plan in Chapter 13 bankruptcy in West Virginia can be done by filing a motion for modification with your bankruptcy court. When modifying your repayment plan, you will need to provide information to support your request such as your current monthly income and expenses. Your income and expenses must be up-to-date and accurate in order to obtain approval of the modification. The court may grant your request if it finds that your request to modify your repayment plan meets the requirements of the bankruptcy code. Additionally, the court will consider your current financial condition and whether or not there is any evidence of fraud or abuse. Once the court has approved your motion for modification, you will need to submit a new repayment plan to the court for approval. The new repayment plan must include information that is similar to your original plan, including your creditors, total debt, projected payments, and proposed plan duration. It is important to note that the repayment plan cannot reduce the amount of money owed to creditors. Additionally, your creditors have the right to object to the modification of your repayment plan. If your creditors object, the court may not grant the modification. If the court approves the modification, your repayment plan has to remain in effect until it is paid in full. During that period, you must make the payments outlined in the repayment plan, or risk having the court dismiss your case.

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