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Schedule for the Chapter 13 Bankruptcy Case

Schedule for the Chapter 13 Bankruptcy Case

Frequently between 36-60 months

  • A chapter 13 bankruptcy plan lasts between 36-60 months except in unusual circumstances.
    • The usual length is 36 months for below-median debtors.
    • The usual length is 60 months for above-median debtors. And 60 months could be the term that is maximum a plan can carry on.
  • Through the plan term, debtors make their re payments towards the trustee and communicate any significant modifications to the trustee.

Post-Confirmation Modified Plan(s)

Time: any moment following the initial plan has been verified

  • You will find a true quantity of explanations why a strategy may need to be modified
    • Lost task
    • Car wrecked
    • Infection, etc.
  • If an idea modification is important, the lawyer must suggest that to your court and have the court to accept this article the modification before it gets into impact.
    • There might be multiple modified plans in a full instance if required.

Conclusion of Plan Payments

Time: Usually 37-61 months after filing

  • After the debtor has made all plan re re payments, the program is recognized as become finished, together with trustee dilemmas the Notice of Completed Plan Payments.
  • At the moment it is important to approve specific facts to the court so that you can have the release.

Trustee’s Final Report

Time: Varies, but frequently within 4 months of conclusion of plan re re re payments (or 67 months after filing)

  • In the end plan re re payments were made, the trustee will submit a report that is final the court saying exactly exactly how all funds have now been disbursed. Weiterlesen