A Chapter 13 bankruptcy will normally take a minimum of 3 years and may have to continue for 5 years depending upon the income of the debtor. Because of the length of time involved in a Chapter 13, there is always the very real possibility that the debtor may have unanticipated major expenses during the [...]
plan
You filed for Chapter 13 bankruptcy. Your Plan finally got confirmed, and you’ve been cruising along blissfully ever since. But what happens if there’s a bump in the road and you need to change course midway through your case? Your Chapter 13 Plan is a living, breathing instrument. It’s filed and confirmed, but that doesn’t [...]
The Bankruptcy Code requires Chapter 13 debtors to make their first plan payment within 30 days of filing their case, but they should make their first payment as early as possible. If you file Chapter 13, you are required to make your first payment within 3o days of filing your case. But pay it as [...]
