{"id":5554,"date":"2020-01-13T13:08:21","date_gmt":"2020-01-13T13:08:21","guid":{"rendered":"https:\/\/mcintirelaw.com\/?p=5554"},"modified":"2023-05-05T01:45:47","modified_gmt":"2023-05-05T01:45:47","slug":"chapter-13-confirmation-hearing","status":"publish","type":"post","link":"https:\/\/mcintirelaw.com\/chapter-13-confirmation-hearing\/","title":{"rendered":"Chapter 13 Confirmation Hearing"},"content":{"rendered":"

If you\u2019re suffering from financial distress, you can find relief from the automatic stay offered as bankruptcy protection to debtors who filed for bankruptcy. While declaring bankruptcy is usually the last resort, it may just be the ticket to get you out of debt.<\/p>\n

It\u2019s best to consult a bankruptcy lawyer for guidance on how to file correctly. There are different types of bankruptcy presented in the bankruptcy code, so it\u2019s important to know under which bankruptcy chapter to file your bankruptcy petition. Most likely, you\u2019ll have to choose between Chapter 7<\/u><\/a> and Chapter 13<\/u><\/a> for personal bankruptcy. It\u2019s a choice between liquidation and debt reorganization.<\/p>\n

\"\"Filing bankruptcy under Chapter 7 is a quicker debt settlement<\/a> solution, but many filers choose to go with Chapter 13 because of its super discharge and its provision for allowing the bankrupt debtor to keep his or her assets.<\/p>\n

Bankruptcy filings under Chapter 13 involve the creation and proposal of a debt repayment plan to be approved by the bankruptcy court. When your creditor or the trustee of your bankruptcy case objects, the bankruptcy judge has to address the dispute in a confirmation hearing.<\/p>\n

In a bankruptcy, it\u2019s possible for one or more of your creditors to find the proposed actions to be objectionable. The usual points of contention are the payment plan, the claimed expenses or bankruptcy exemptions, and the decision to discharge certain debts. A creditor may also be opposed to the decision of the trustee to not liquidate a certain asset to help pay your debts.<\/p>\n

When a trustee objects, it usually means that your plan to pay back debts is inadequate under bankruptcy laws or that your monthly income isn\u2019t enough to carry out your monthly payments.<\/p>\n

There are bankruptcies that don\u2019t raise objections, in which case, the judges simply review the filers\u2019 submitted confirmation orders. In other undisputed bankruptcy cases, judges may still conduct a hearing in order to discuss the payment plan with the debtors.<\/p>\n

<\/span>Discharge Objections<\/span><\/h3>
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