Chapter 13 Bankruptcy Attorney Seattle

Making the Plan Work

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Law Offices of Mark McClure
1200 Westlake Ave N #1006, Seattle, WA 98109
 
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Making the Plan Work

The guidelines of an approved arrangement bind each creditor involved and the debtor. As soon as the court authorizes the arrangement, the debtor is responsible for the success of the arrangement. The debtor is required to pay regular installments to the trustee either through payroll deduction or directly. Paying through a payroll deduction will entail modification to dwelling on a set financial arrangement for an extended period of time. While verification of the arrangement enables the debtor to keep hold of assets so long as installments are made, the debtor should not acquire novel debt without seeking advice from the trustee. Supplementary debt may have the ability to compromise the debtor's capability to make the arrangement successful.

Payroll deductions is another method for the debtor to make regular installments. Payment through payroll deductions amplifies the probability that the installments will be made in a timely manner and that the arrangement will be completed. If the debtor fails to pay the installments due under the guidelines of the established arrangement for any reason, the court reserves the right to dismiss the case or change the case to fall under a chapter 7 liquidation case of the Bankruptcy Code. The court might dismiss or alter the debtor's case in the situation that the debtor does not pay any subsequent-filing domestic support obligations such as alimony or child support. The debtor may also fail to complete necessary tax filings during the entirety of the case.

Chapter 13 Background Chapter 13 Background
A Chapter 13 bankruptcy enables individuals to develop a plan to repay all or part of their debts
Advantages of Chapter 13 Advantages of a Chapter 13 Bankruptcy
A Chapter 13 bankruptcy can help you save your homes. Stop foreclosure proceedings and keep your home.
Chapter 13 Eligibility Chapter 13 Eligibility
Any individual is eligible width unsecured debts less than $383,175 and/or secured debt up to $1,149,525
How Chapter 13 Works How a Chapter 13 Bankruptcy Works
We start with making a list of all your assets and liabilities. Your income and expenses
The Plan & Confirmation Hearing The Plan & Confirmation Hearing
A plan is submitted for court approval and provides for payments of fixed amounts on a regular basis
Chapter 13 Discharge Chapter 13 Discharge
When you complet of all payments of plan and completed an approved course in financial management...
Chapter 13 Hardship Discharge Chapter 13 Hardship Discharge
If circumstances arise that prevent you from completing the plan. You may ask the court to grant a "hardship discharge."


© 2014 Law Office of Mark McClure ★ info@chapter13seattle.comChapter 13 Seattle
1200 Westlake Ave N #1006, Seattle, WA 98109 ★ Phone: (206) 789-8751