New Debt in Chapter 13 Case

A Debtor cannot acquire new debt while in an active Chapter 13 case without receiving approval of the Chapter 13 Trustee and/or the Bankruptcy Court.

Sometimes circumstances dictate that you must acquire new debt during a pending Chapter 13 case.

If you find yourself in such a situation, then please contact us so we can discuss your individual circumstances.

The withdrawal of money from a 401K plan by the Debtor is not considered the acquiring of new debt, because technically the Debtor is simply borrowing their own money.

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