North Carolina Procedures for Discharge of Debtor with Completed Plans --Revised: 11/2016) provide a framework for debtors to pay off their creditors through a court-approved plan. The process involves filing a Petition for Discharge with the clerk of court, submitting a plan to the U.S. Trustee, attending a creditors’ meeting, and receiving a discharge order from the court. There are two types of North Carolina Procedures for Discharge of Debtor with Completed Plans --Revised: 11/2016): Chapter 7 and Chapter 13. Chapter 7 involves liquidating assets to pay off creditors. After the petition is filed, the debtor must attend a creditors' meeting to answer questions about their assets, liabilities, and financial situation. The court will then issue a discharge order, which releases the debtor from liability for most types of debt. Chapter 13 involves developing a repayment plan. The debtor must submit their plan to the U.S. Trustee and attend a creditors' meeting. Once the court approves the plan, the debtor must make regular payments to their creditors. After the debtor has made all of their payments, the court will issue a discharge order. Regardless of the type of discharge, all debtors must complete an approved credit counseling course and debtor education course prior to receiving their discharge order.
North Carolina Procedures for Discharge of Debtor with Completed Plans --Revised: 11/2016) provide a framework for debtors to pay off their creditors through a court-approved plan. The process involves filing a Petition for Discharge with the clerk of court, submitting a plan to the U.S. Trustee, attending a creditors’ meeting, and receiving a discharge order from the court. There are two types of North Carolina Procedures for Discharge of Debtor with Completed Plans --Revised: 11/2016): Chapter 7 and Chapter 13. Chapter 7 involves liquidating assets to pay off creditors. After the petition is filed, the debtor must attend a creditors' meeting to answer questions about their assets, liabilities, and financial situation. The court will then issue a discharge order, which releases the debtor from liability for most types of debt. Chapter 13 involves developing a repayment plan. The debtor must submit their plan to the U.S. Trustee and attend a creditors' meeting. Once the court approves the plan, the debtor must make regular payments to their creditors. After the debtor has made all of their payments, the court will issue a discharge order. Regardless of the type of discharge, all debtors must complete an approved credit counseling course and debtor education course prior to receiving their discharge order.
