By Jeff Field | Published August 30, 2020 | Posted in Bankruptcy, Chapter 13 | Tagged Tags: confirmation hearing, repayment plan, trustee | Leave a comment
How a Trustee or Creditor Can Oppose Your Chapter 13 Plan
Chapter 13 is a court-approved restructuring of debt that requires you to commit to a repayment plan that will last for three to five years. However, the plan you propose is not effective until the bankruptcy judge approves it after a confirmation hearing, at which creditors and/or the appointed bankruptcy trustee can raise objections. The Read More
Read MoreHow Much Must Creditors Be Repaid in a Chapter 13 Plan in Georgia?
Chapter 13, also known as a “wage earner’s plan,” is a popular alternative to traditional bankruptcy for people who simply need breathing room to deal with crushing debt. Chapter 13 bankruptcy allows debtors to keep their possessions and pay back creditors a percentage of their arrearages over a period of three to five years. What’s Read More
Read MoreHow Georgia Bankruptcy Filers Can “Cram Down” Secured Debts
People in financial straits sometimes opt for a Chapter 13 bankruptcy, which lets them keep their property while they pay off either all or a reduced portion of their debt over time. Although it affords some relief, a Chapter 13 plan still puts pressure on debtors to repay. However, there is a way for them Read More
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