Chapter 13 Bankruptcy Chapter 13 bankruptcy is often referred to as a repayment plan. It is important to understand that based on your personal circumstances, you may be able to reduce the amount you owe and therefore have to payback. This plan allows a debtor to keep their property and repa...
Chapter 13 Bankruptcy Chapter 13 bankruptcy is often referred to as a repayment plan. It is important to understand that based on your personal circumstances, you may be able to reduce the amount you owe and therefore have to payback. This plan allows a debtor to keep their property and repa...
Chapter 13 is much simpler, especially for those who have retained consumer bankruptcy attorneys. You file your bankruptcy paperwork; attend a meeting to check your paperwork, get more information about your financial situation and proposed payment plan; and complete the confirmation process to...
Federal Rule of Bankruptcy Procedure 3002 provides the guidelines that creditors must follow to file a proof of claim and participate in the debtor's repayment plan. Subsection (c) of the rule establishes a timeliness requirement, which states "a proof of claim is timely filed if it is filed...
The Chapter 13 plan must comply with the U.S. Bankruptcy Code. It must be sent out to all creditors, who will have a chance to object to the plan. The Chapter 13 trustee may also object to the plan. If all objections are resolved or if the court overrules them, the plan will be...
to file for Chapter 7 bankruptcy. We can determine whether you are eligible for the Chapter 7 bankruptcy option by conducting what is known as the “means test”. The means test assesses your income, assets, liabilities, and exemptions against the Internal Revenue Service (IRS) guidelines. ...
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Rojas, Chapter 13 TrusteeThis website is provided as a public service to the community served by the Chapter 13 Trustee for the San Fernando Valley and the Northern Division bankruptcy courts.Our office is committed to assisting the bankruptcy community through information, education and ...
Chapter 13 Bankruptcy Adjustmentof debts for individuals with regular incomes Consumer-Debtor Someone whose debts result primarily from the purchase of goods for personal, family, or household use Discharge When a debtor is relieved of the obligation to pay the debts ...
A. (1988), THE “GOOD FAITH” REQUIREMENT FOR CONFIRMATION OF A CHAPTER 13 BANKRUPTCY PROCEEDING. American Business Law Journal, 25: 603–616. doi: 10.1111/j.1744-1714.1987.tb01499.x Author Information Assistant Professor of Business Law, The Ohio State University. Publication History Issue ...