Chapter 13 Confirmation Hearings
Behind Chapter 7, Chapter 13 is the second most commonly-filed individual bankruptcy chapter in the United States. Unlike Chapter 7 bankruptcy, which lets debtors liquidate assets to settle debts, Chapter 13 bankruptcy gives individuals a chance to set up a repayment plan over a set period of time. If you are unfamiliar with the Chapter 13 bankruptcy process, it is important that you consult with an experienced attorney so he or she can ensure that you take each necessary step toward achieving debt forgiveness.
One step everyone filing for Chapter 13 bankruptcy must take is confirming his or her repayment plan in a confirmation hearing. For more information about Chapter 13 bankruptcy or the confirmation hearing, get in touch with an experienced Boca Raton bankruptcy attorney at Eric N. Klein & Associates, P.A., by calling 561-353-2800 today and scheduling a free consultation.
Possible Challenges in Confirmation Hearings
Before a debtor can begin to pay off his or her debt according to the repayment plan, they must first present the plan to any creditors to give them the opportunity to look over and approve the terms. During the hearing, one of your creditors may object or have a problem with any of the following:
- The amount of time you have to pay off the debts
- Parts of the plan which may violate bankruptcy law
- Payment values of certain debts, like automobiles or properties, which are considered to be too low
- You haven’t committed all disposable income to paying off debts
An experienced legal professional can help you with these and any other problems which may arise during your confirmation hearing.
Contact Us
At Eric N. Klein & Associates, P.A., our attorneys can help you discuss all of your options for getting out of debt and provide you with the representation you need to successfully return to financial freedom. Contact one of our Boca Raton bankruptcy lawyers today at 561-353-2800 to speak with a qualified member of our legal team about the details of your case.
