MasConcepts Incorporated

25F in Chapter 13 (filed Jan 2025) trying to decide between pursuing a modification vs dismissing and refiling. Looking for thoughts from people who have been through this or bankruptcy attorneys.

Current situation:
Confirmed 100% Chapter 13 plan.
Current trustee payment is $890/month.
18 months into the case.
Original unsecured debt was around $50k.
Vehicle loan is separate at $801/month (payoff around $30k, 14.49% interest)
Salary is around $80k
I also have about $2,500 in new IRS debt.

I know the car payment is high, and if I were making the decision over again I probably would have done things differently. However, replacing the car isn’t really a practical option right now. I still owe around $30k on it, I am currently in Chapter 13, and obtaining financing for another vehicle would be extremely difficult. Public transportation is not a realistic option where I live, and I commute for work.

Since filing, I’ve had substantial medical issues. I have ongoing medical expenses and PT that has been recommended weekly ($133/visit out of pocket). I have supporting letters and documentation from my providers that say it is medically necessary. Rent, utilities, taxes withheld, and other expenses have also increased.

My attorney believes a modification could be denied because trustees often oppose reducing confirmed 100% plans, but says a modification is still an option although unlikely to be accepted.

He estimates that if I dismissed and refiled today, based on current income and expenses, my new payment would likely be around $500/month and likely less than a 100% plan. He also said I could potentially include the vehicle in the new plan.

My understanding is:
Option A:
Modification succeeds and maybe lowers payment to somewhere around $700-$800.
Stay in original case.
Done in 2029.

Option B:
Dismiss and refile.
New payment around $500/month.
Likely less than 100% plan.
Done around 2031.
Better cash flow but extends bankruptcy.

At this point, I’m trying to determine the best path forward with the obligations I have today rather than debating decisions that have already been made. I realize nobody can give legal advice and I am working with an attorney. I’m mostly looking for practical experiences from people who have gone through something similar.

If you were in this position, would you attempt modification first? Has anyone dismissed and refiled a Chapter 13 and regretted it? Any downsides or considerations I may be overlooking?