North Carolina Disclosure To Debtor of Attorney Fee Procedure For Chapter 13 Cases is a set of rules and procedures that must be followed by a debtor's attorney in disclosing their fee for a Chapter 13 Bankruptcy case in North Carolina. The procedure includes the requirement to provide to the debtor, in writing, the attorney's fee for the case, the total amount of the fee that is due, and the payment schedule for the fee. The attorney must also provide a copy of the Notice of Attorney Fee Disclosure Form to the debtor. Additionally, the attorney must provide a copy of the Order of Confirmation to the debtor. The two types of North Carolina Disclosure To Debtor of Attorney Fee Procedure For Chapter 13 Cases are: 1) Standard Fee: The standard fee is set by the Bankruptcy Court and is based on the debtor's total debt. The fee must be paid in full prior to filing the Petition for Bankruptcy. 2) Flexible Fee: The flexible fee is set by the attorney and allows the debtor to make payments over time. The attorney must provide to the debtor, in writing, the fee and payment schedule. The flexible fee must be paid in full prior to the confirmation of the Chapter 13 Plan.
North Carolina Disclosure To Debtor of Attorney Fee Procedure For Chapter 13 Cases
Description
How to fill out North Carolina Disclosure To Debtor Of Attorney Fee Procedure For Chapter 13 Cases?
Preparing legal paperwork can be a real stress unless you have ready-to-use fillable templates. With the US Legal Forms online library of formal documentation, you can be certain in the blanks you find, as all of them comply with federal and state regulations and are checked by our experts. So if you need to fill out North Carolina Disclosure To Debtor of Attorney Fee Procedure For Chapter 13 Cases, our service is the perfect place to download it.
Obtaining your North Carolina Disclosure To Debtor of Attorney Fee Procedure For Chapter 13 Cases from our catalog is as simple as ABC. Previously authorized users with a valid subscription need only log in and click the Download button after they find the correct template. Later, if they need to, users can use the same document from the My Forms tab of their profile. However, even if you are unfamiliar with our service, signing up with a valid subscription will take only a few minutes. Here’s a quick guideline for you:
- Document compliance check. You should attentively examine the content of the form you want and ensure whether it suits your needs and fulfills your state law regulations. Previewing your document and reviewing its general description will help you do just that.
- Alternative search (optional). If there are any inconsistencies, browse the library using the Search tab on the top of the page until you find an appropriate blank, and click Buy Now once you see the one you want.
- Account creation and form purchase. Create an account with US Legal Forms. After account verification, log in and select your most suitable subscription plan. Make a payment to continue (PayPal and credit card options are available).
- Template download and further usage. Choose the file format for your North Carolina Disclosure To Debtor of Attorney Fee Procedure For Chapter 13 Cases and click Download to save it on your device. Print it to complete your paperwork manually, or use a multi-featured online editor to prepare an electronic version faster and more efficiently.
Haven’t you tried US Legal Forms yet? Subscribe to our service now to obtain any formal document quickly and easily every time you need to, and keep your paperwork in order!
Form popularity
FAQ
The Chapter 13 Plan must: provide for payments of fixed amounts to the trustee on a regular basis, typically monthly. provide for the full payment of all claims entitled to priority under section 507 such as taxes and child support (unless the holder of a particular claim agrees to different treatment of a claim)
Chapter 13 is often preferable to chapter 7 because it enables the debtor to keep a valuable asset, such as a house, and because it allows the debtor to propose a "plan" to repay creditors over time ? usually three to five years.
In chapter 12 and chapter 13 cases, the debtor is usually entitled to a discharge upon completion of all payments under the plan. As in chapter 7, however, discharge may not occur in chapter 13 if the debtor fails to complete a required course on personal financial management.
The appointed trustee will collect and take control of a debtor's non-exempt assets, liquidate them, and distribute the proceeds to creditors.
Unlike chapter 7, creditors do not have standing to object to the discharge of a chapter 12 or chapter 13 debtor. Creditors can object to confirmation of the repayment plan, but cannot object to the discharge if the debtor has completed making plan payments.
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.
What Is a Chapter 13 Hardship Discharge? A hardship discharge is a discharge the court grants you before you complete all of the required payments under your Chapter 13 repayment plan.
Advantages Offered in Chapter 13 but Not Chapter 7 You Can Catch Up on a Mortgage or Car Loan.You Can Force a Creditor Into a Payment Plan.You Can Protect a Codebtor on a Personal Debt.You Can Keep Property You'd Lose in Chapter 7.