Chapter thirteen Bankruptcy Walden & Pfannenstiel

chapter 13 bankruptcyArizona Chapter Video Blog by AZ Chapter Lawyer Joseph C. McDaniel. The debtor should consult an lawyer to find out the right treatment of secured claims within the plan. The parties sometimes resolve problems with the plan either throughout or shortly after the creditors’ meeting. In any event, if the debtor fails to make the payments due underneath the confirmed plan, the court could dismiss the case or convert it to a liquidation case under chapter 7 of the Bankruptcy Code.

Once the court confirms the plan, the debtor should make the plan succeed. If the U.S. trustee or chapter administrator schedules the assembly at a place that does not have common U.S. trustee or bankruptcy administrator staffing, the assembly may be held no more than 60 days after the debtor recordsdata. If the debtor wants to keep the collateral securing a particular declare, the plan should provide that the …