Bankruptcy Plan and Confirmation Hearing
Once you attended the meeting of the creditors, your trustee might have asked you to alter your Chapter 13 bankruptcy repayment plan. Typically, adjustments are needed in the event the trustee doesn’t think you’re being fair to your creditors by giving them more from your disposable income. A bankruptcy attorney may help you with your plan. Filing a Modified Plan You may file your altered plan at any moment before the confirmation hearing. The new plan has to be filed with the bankruptcy court clerk, a copy to the trustee, along with all your creditors. Common Reasons to Alter Your Plan Are: • To correct mistakes • To add overlooked debts and creditors • To reflect changes like a brand new job, job loss or inheritance • To respond to creditors’ objections Whenever you alter your plan, the note should describe your proposed adjustments and establish each creditor which wi...