Chapter 13 Sunset
Last March when Congress passed the CARES Act, they included a provision to allows active Chapter 13 cases to modify their plans if the debtors are affected by Coronavirus and related economic problems. The modifications can be to amount of payment and or term of the Plan.
This important relief will sunset in March 2021.
If you have an active Chapter 13 case and are experiencing difficulties, be sure to contact your Bankruptcy Attorney for advice on the latest COvid-19 responses in the Bankruptcy system.
This article is written by an attorney at Attorney Donald Wyatt PC. Always consult an attorney before making any legal decisions. To make an appointment today, please click here to contact us.