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North Carolina Disclosure To Debtor of Attorney Fee Procedure For Chapter 13 Cases

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North Carolina
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NC-SKU-0131
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Disclosure To Debtor of Attorney Fee Procedure For Chapter 13 Cases
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 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.

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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.

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Disclosure and review of bankruptcy attorney's fees is required for a couple of reasons. Second, attorney's fees charged to debtors in bifurcated casesas in all casesmust be reasonable.This disclosure requirement allows the court to examine the fees and determine whether they are reasonable. Once a small claims judgment is entered, the clerk mails the debtor a form called a "Judgment. "base fee" on the Disclosure to Debtor(s) of Attorneys Fee Procedure for Chapter 13 Cases in the. All attorney and non-attorney petition preparer fees must be disclosed. This Bankruptcy Rule requires mortgage companies to disclose any fees or charges, late charges, or attorney's fees that are charged in the case. Disclosure of debtor's return information to trustee. (13) The false representation or implication that documents are legal process. In most cases, your attorney will be paid the allowed fee through the Chapter 13 plan.

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North Carolina Disclosure To Debtor of Attorney Fee Procedure For Chapter 13 Cases