Camden, ME asked in Bankruptcy for Maine

Q: I have 7 months left on my bankruptcy. I recieved an email saying it is getting changed to 21 months

The email stated " apparently the unsecured claims add up to more than what the plan provides, and they just realized it. In addition, there is also not sufficient funds to pay our fees to date. We will need to do an amended plan to get things paid as needed. With the additional claims/fees it looks like it would increase you plan payment about $150 per month (you have 21 months left). " I have 7 months left and owe around $5000 . Is this " normal " and legal ?

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1 Lawyer Answer
Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: It is both normal and legal and happens all the time. Plan payments are routinely amended every day across the country.

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