Comments for Indianapolis Bankruptcy Attorneys of Sawin & Shea https://www.sawinlaw.com/ Thu, 13 May 2021 12:14:27 +0000 hourly 1 https://wordpress.org/?v=7.0 Comment on How Does The 2020 Cares Act Affect A Chapter 13 Bankruptcy? by Richard Shea https://www.sawinlaw.com/blog/2020-cares-act-affect-a-chapter-13-bankruptcy/#comment-61 Thu, 13 May 2021 12:14:27 +0000 https://www.sawinlaw.com/?p=14407#comment-61 In reply to Erin Campbell.

You are not required to modify your plan, it is simply an option that is available if their has been a loss income due to Covid. A regular modification to a chapter 13 plan can be proposed, but you would need to discuss this with your attorney to determine the best way to move forward.

]]> Comment on How Does The 2020 Cares Act Affect A Chapter 13 Bankruptcy? by Erin Campbell https://www.sawinlaw.com/blog/2020-cares-act-affect-a-chapter-13-bankruptcy/#comment-60 Tue, 11 May 2021 04:42:56 +0000 https://www.sawinlaw.com/?p=14407#comment-60 If a loss of income happens and you are a self employed business owner, with an uncertain forecast for 2021, is it a required that you to modify to extend payments or is it simply an option to do so under the CARES act if payments are behind? Can a regular modification be done within the 5 years if all creditors are still getting a larger amount than if a ch 7 had been filed?

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