MMI offers a wide variety of financial services to help improve your financial life. No matter what your financial situation, we can help you to establish an plan of action for achieving your financial goals.
Knowledge is the key to successful money management. Our resources are designed to inspire and assist you as you begin to make positive changes in your financial life.
Interact with MMI in a variety of formats including email, videos, tweets, blog posts, and pictures.
Since 1958, MMI has been a leading provider of financial counseling and education services. We invite you to learn more about the organization and its leadership.
We are one payment away from ending our 49 month plan with Chapter 13 bankruptcy. However, I was just informed that we were to have this paid off 4 months ago. While the motion to dismiss our case has not been issued, they have told us that if we make our final payment by the end of this month that we will be okay. We have been paying $500 a month for 49 months and are 1 payment away from having it paid off. What would a dismissal mean at this point of the bankruptcy? Our creditors should have been paid by this point. -Andy
The purpose of a Chapter 13 bankruptcy is to restructure your debts. It sounds like you have been diligent about making your payments on time and as agreed. If you have paid off your creditors through Chapter 13, the creditors who were included in the plan can not ask you to pay any more towards the debt. Otherwise, why would you have filed in the first place?!
For further information or clarification, you will need to check with your attorney or the bankruptcy trustee.
Ask the Experts
If you do not find the answer to your question in the archive, write to the Advice Team today! A member of the Advice Team will personally respond (by email) to your question by offering answers, helpful tips or solutions. This is a free service offered by MMI.
Loans & Credit,
Auto Loan Resources,
Financial Literacy Month,
Kids & Money,
Debt Management Program
Student Loan Counseling
Foreclosure Prevention Counseling
Reverse Mortgage Counseling
Pre Purchase Housing Counseling
How To Manage Your Money
Money Management For Kids
Credit Lesson Plans
How To Budget
Blogging for Change
Ask the Experts
Share Your Stories
© 2016 Money Management International, 14141 Southwest Freeway, Suite 1000, Sugar Land, TX.