Does a bankruptcy court have the right to change your payment amount after you have only made five payments?

Answer by  rhelms10 (310)

Yes, a bankruptcy court does have the right to change your payment amount after you have only made five payments. If you started making payments before going to court, the court will set what they think is appropriate, which may be different than what you had been paying.

Answer by  flamiss22 (5081)

In a word yes they do have that right. When you file bankruptcy you agree to allow the courts decide what is the best resolution for your case. After making your five payments they may realize you will not be able to pay back your debt in the time frame they originally thougt so they changed it.

Answer by  Darry (3853)

They can adjust your payment if it is deemed that you have more money or assets that previously understood. Also, late payments can cause this increase.

Answer by  hashbrown64 (221)

Yes. It is generally within the bankruptcy court's power to exercise its discretion throughout the bankruptcy process, regardless of where you are. Even if you've only just started to make payments, the bankruptcy judge can alter your payment amount as he sees fit.

Answer by  calanthe (23)

Yes, the bank has a right to lower or increase the payments based on how old you are, how proptly you pay the bils and such.

Answer by  BilWitters (436)

Yes, a bankruptcy court can change your payment amount if your income level increases dramatically or if you come into a large sum of money.