Chapter 13 Confirmation Hearings
When a debtor is facing financial hardship, he or she has the option of filing for bankruptcy protection in order to obtain some degree of debt forgiveness. Under Chapter 13 bankruptcy protection, a debtor can establish a debt repayment plan which allows for a restructuring of the terms of repayment for debts which are currently unmanageable. If you are considering filing for Chapter 13 bankruptcy, it is important that you follow the procedure correctly, and part of this procedure is confirming your repayment plan in a confirmation hearing.
If you would like more information or legal assistance with regard to Chapter 13 bankruptcy, do not hesitate to speak with a skilled and experienced attorney. Contact the Arizona Chapter 13 bankruptcy lawyers of the Harmon Law Office, LLC, by calling 480-829-0494 today.
Challenges to Chapter 13 Confirmation Hearings
Confirmation hearings for Chapter 13 bankruptcy exist so the debtor’s creditors and court can review and approve the repayment plan. Some possible problems your repayment plan may face in a confirmation hearing include the following:
- Your house payment may not accurately reflect the property’s value
- The length of the repayment plan may need to be adjusted
- Creditors may reevaluate the value of automobiles
- You may have a plan that violates bankruptcy law and will need to be reworked
Contact Us
If you are tired of living in debt, despite the fact that you are earning regular income, it is important to know you have options. Contact the Arizona Chapter 13 bankruptcy attorneys of the Harmon Law Office, LLC, at 480-829-0494 to schedule a consultation in which to discuss the nature of your debt situation.