This form is an order approving a disclosure statement and fixing the time for filing acceptances or rejections of the plan. The form must be completed and signed by the bankruptcy judge. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.
New Mexico Order Approving Disclosure Statement and Fixing Hearing on Confirmation - Form 13 - Pre and Post 2005 Act
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How to fill out Order Approving Disclosure Statement And Fixing Hearing On Confirmation - Form 13 - Pre And Post 2005 Act?
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Any Chapter 13 debtor who receives an objection to confirmation should first take a deep breath and relax. Then, they should pick up the phone and call their bankruptcy attorney and ask for an explanation of the objections. In the vast majority of cases, the objections can easily be fixed.
In bankruptcy law, a hearing generally occurs related to either Chapter 13 or Chapter 11 federal bankruptcy. Here, a confirmation hearing is a court proceeding wherein a judge either approves or rejects a proposed debtor repayment plan, based on its feasibility and other legal requirements.
During a confirmation hearing, the judge will either approve or reject a filer's proposed plan and hear any objections. A bankruptcy trustee might object to a repayment plan because they are concerned that the proposed payments are not adequate under bankruptcy laws.
Definitions of confirmation hearing. a hearing held by the US Senate to gather information on whether to approve or reject candidates for high federal office who are nominated by the president. type of: hearing. a session (of a committee or grand jury) in which witnesses are called and testimony is taken.
An order confirming the chapter 13 plan is a Bankruptcy judge's approval of the Debtor's proposed chapter 13 repayment plan. For more information, see 11 U.S.C. §1325 .
Confirmation Hearing: This hearing must take place within 45 days after the Meeting of Creditors. The Chapter 13 repayment plan must meet certain criteria to be confirmed, such as providing for payment of past due child support, alimony, income taxes, and other ?priority? debts (debts that must be paid first).