Freeman Law Group, LLC | Derek Freeman
Of course. There are a variety of options available in a chapter 13 plan. You can include your monthly payments for your washer and dryer in the plan itself, or continue making payments outside the plan. Just realize that if you deal with them outside the plan, your monthly bankruptcy payments will increase after your washer and dryer are paid off.
Answer Applies to: Colorado
Richard B. Jacobson & Associates, LLC | Richard B. Jacobson
Yes. But you must 'assume' the lease in your Plan, or otherwise by a motion early in the case. That would mean either catching up on all delinquent payments, or making arrangements with the lessor to catch up by regular payments.
Answer Applies to: Wisconsin
Joseph Lehn, Esq | Lehn Law, PA
Yes. Your chapter 13 plan offers various options with which to address a creditor. You may decide to continue making payments directly to the creditor outside the plan. There may also be a possibility to also just pay the value of collateral in your Chapter 13 Plan.
Answer Applies to: Florida
Eranthe Law Firm | Cate Eranthe
Of course. You keep paying for them and disclosure them in the proper places on the paperwork. If you're planning to file a Chapter 13 without an attorney think again. Most bankruptcy attorneys can take at least a portion of their fees in the payment plan. Go for a consultation with a local knowledgeable bankruptcy attorney. It is well worth the effort. Most of the cases that are dismissed or fail to succeed are those that are self filed.
Answer Applies to: California
Mark S Cherry, Attorney at Law, PC | Mark Cherry
The lease is called an executory contract (to be excuted in the future). You can reaffirm the contract. The creditor should prepare a reaffirmation agreement to be signed by you to the Judge. You should evaluate if the decision is actually a good financial decision as most rent-to-own contracts are very expensive, and to determine if you can afford it.
Answer Applies to: New Jersey
Garner Law Office | Daniel Garner
Yes, that is a simple matter of stating in your Chapter 13 plan that you will "assume" the lease. The trustee does have the right to reject the lease if s/he believes it is a bad deal for you, however. Basically, you need to demonstrate that they are worth what you're paying for them.
Answer Applies to: Oregon