Generally nothing, as long as the payment is received the will credit the account. But, if the account is not paid in full and your are discharged, the remaining obligation falls on the co-signer.

Your student loan is not discharged. You can pay late payments through the plan. But in certain circumstances, new guidance for Federal Student Loans effective as of November 2022 suggests that the following loans may be dischargeable when: (1) the debtor presently lacks an ability to repay the loan; (2) the debtor’s inability to pay the loan is likely to persist in the future; and (3) the debtor has acted in good faith in the past in attempting to repay the loan. This is a multistep process and by now means is it automatic. But it is clearly a significant change in the handling of student loan debt in bankruptcy.

The automatic stay is a court injunction for all actions to stop while the bankruptcy administers your estate. This means all lawsuits, foreclosure actions, wage garnishments, repossessions and other such action must halt, at least temporarily and each will be dealt with in tandem with your bankruptcy Chapter 13 plan.

If your are keeping your house, you continue your payments as normal and life goes on. If you receive a Chapter 13 discharge, you are not personally liable for the debt, but if you do not pay, the property will be foreclosed with no liability to you. Late payments can be paid through the plan over 60-monthly payments. All foreclosure activity such as foresclosure sales must stop.

Yes, you can have your Chapter 13 plan pay the late payments over 5-years (60-payments) and all foreclosure activity such as a foreclosure sale or automobile repossesion must stop.

That's cutting it close. But as long as a bankruptcy is filed before the sale, you still retain your options for managing the debt through your bankruptcy. You can pay all you late payments over 5-years or even sell the home to keep from losing your equity.

This depends on many factors. The advantage of the Chapter 13 is that typically you are no longer charged interest and the lender must accept your plan proposed in good faith. In addition, you may be able to pay unsecured creditors as little as 10-cents for ever dollar owed. For example, if you owe a credit card $2000.00, you will pay $200 over the course of 5-years and the balance gets wiped out. This is a huge advantage over consolidated loan programs.

Yes. If you misrepresent assets and liabilities you can be denied. In addition, if your plan is not proposed in "good-faith" you can be denied. Finally, if you don't have sufficient income to support the plan, you might be denied.

If you failed to list an asset, it may cause your plan to be denied or worse may trigger a creditor to challenge your plan through an adversary proceeding accusing you of fraud. Failing to list a creditor will not discharge them from a finished Chapter 13 bankruptcy. You will still owe them.

You do! If you finish your approved plan payments in full, you will receive a discharge. Exception occur if your plan was not eligible for a dischage to begin with or if the items are not dischargeable, such as student loans or child-support. Otherwise, the debt that remains is discharged.

If you stop paying, or never started, your case will eventually get dismissed. If you make an earnest effort to pay back your late amounts, you can usually get 14-30 days to catch-up your payments before dismissal if you aren't to far behind. Once dismissed, you no longer have bankruptcy protections and creditors are free to take action against you as before.

Yes, you have a right to dismiss your Chapter13 Bankruptcy at any time by motion to the court. If you stop payments, your case will eventually be dismissed as well.