Get Bankruptcy Dismissal Letter

The rule requires that the debtor education certificate be filed within 45 days after the meeting of creditors, which is usually approximately 75 days after filing.

Getting a discharge in a Chapter 13 case generally takes between six and eight weeks after making your plan's final payment. This time frame depends upon the court's caseload the busier the court, the longer you may have to wait for your discharge letter.

Generally, a Chapter 7 case last around 90 days. Your first creditors meeting (or 341 meeting) will be within 30-45 days after you file your bankruptcy. Subsequently, you have about 60-65 until the Court will sign your discharge paper. There is a reason why you have to wait 2 months after attending your 341 meeting.

Two Ways to Complete Your Chapter 13 Case Early Therefore, the court will only let you complete your Chapter 13 bankruptcy early under two conditions: You can pay all of your claims, including unsecured debts, in full, or you can prove a financial hardship.

A Chapter 13 discharge is a court order that releases a debtor from all of his or her dischargeable debts. The discharge also orders creditors not to attempt to collect the debt from the debtor. A debt that is discharged is a debt that the debtor does not have to pay.

The bankruptcy judge must confirm (approve) your Chapter 13 plan for it to become effective. The court holds the plan confirmation hearing between 20 and 45 days after the first meeting of creditors. Generally, the Chapter 13 trustee will be present at least for your initial confirmation hearing.

A party who dislikes a provision of the plan can file an objection and the judge will decide the issue at the confirmation hearing. So who might object to your Chapter 13 plan and why? Bankruptcy trustee. The Chapter 13 bankruptcy trustee's job is to review the plan to make sure it complies with bankruptcy laws.

When you file for Chapter 13 bankruptcy, you must go to a mandatory hearing called the meeting of creditors before your case can be approved (confirmed) by the court. The meeting of creditors is a short hearing that allows the trustee appointed to your case to verify information in your bankruptcy papers.

The bankruptcy judge must confirm (approve) your Chapter 13 plan for it to become effective. The court holds the plan confirmation hearing between 20 and 45 days after the first meeting of creditors. Generally, the Chapter 13 trustee will be present at least for your initial confirmation hearing.

Background. A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.

Life after Chapter 13 Bankruptcy Failure to make agreed-upon payments will bring the matter back to court for further review, which could include selling the debtor's property to pay debts. Bankruptcy may give debtors a breather from creditors, but there is a penalty to be paid on their credit reports.

Unfortunately you are not allowed to extend your Chapter 13 payment plan beyond five years (60 months). (Learn more about the Chapter 13 bankruptcy plan and how long it can last.) If the trustee dismisses your case, you'll owe the $8,000 plus interest on all the debt you paid through your plan over the past five years.

James Logan: Chapter 13 plans can run anywhere from 36 to 60 months, 3 to 5 years. They can't run longer than that and if you haven't made all the payments by 60 months, sometimes the trustees will move to dispose the case. ... Many times we can convert the chapter 13 to chapter 7 and wipe out any debts that they have.

In any event, Chapter 13 plans cannot be approved by the bankruptcy court if they are scheduled to take longer than 5 years. Even amended plans are not allowed to last beyond the original 5 years.

If you fail to make your Chapter 13 plan payments, eventually your bankruptcy case will be dismissed. You can refile another Chapter 13 petition, but you'll face some limitations on the protection of the automatic stay if you do so within one year of the dismissal.