Chapter 13 bankruptcies are three to five years with a monthly payment plan where you restructure your debt. Depending on your case during a chapter 13 you may hear the following terms or phrases.
A Chapter 13 plan must meet the requirements of section 1325(a) to be confirmed. 11 U.S.C. § 1329(b)(1). Plan compliance is discussed in section 1325(a)(6). That section states that "the court shall confirm a plan if the debtor will be able to make all payments under the plan and to comply with the plan." 11 U.S.C. § 1325(a)(6).
Chapter 13 bankruptcies are three to five years with a monthly payment plan where you restructure...
A Chapter 13 plan must meet the requirements of section 1325(a) to be confirmed. 11 U.S.C. §...
