Chapter 13 Bankruptcy Lawyers Tampa Florida
What is the role of the trustee in Chapter 13 proceedings? After the petition is filed, the court will appoint an impartial trustee who will collect the payments from the debtor according to the repayment plan and distribute it to the creditors. What are the requirements of the repayment plan in Chapter 13? The plan must list how the debtor will repay each debt. The plan will generally provide for payments of fixed amounts to the trustee on regular basis – biweekly or monthly. The plan must be approved by the court. The trustee will receive the payments from the debtor and distribute it to the creditors. The creditors generally receive less than the full amount due. There is no fixed format for the repayment plan. Most court s have their own forms. Generally the plans are of three years. However, if the debtor can show cause, plans of five years are also approved. But the court will not approve of plans over five years. Chapter 13 Bankruptcy Lawyers Tampa FloridaCan a Chapter 13 repayment plan be modified? The trustee can modify the plan if the debtor is unable to finish repayment plan by: 1. giving a grace period, if the problem looks temporary 2. reducing the total monthly payments, or 3. extending the repayment period. Can a debtor be fired for bankruptcy? It is illegal for employers to fire or discriminate against employees who have been discharged in a bankruptcy proceeding. How do I get a copy of the discharge in my bankruptcy? Copy of the discharge order can be collected from the court office after paying the fees or can be obtained online using the PACER system. Our bankruptcy attorneys are based in Tampa, FL (Florida). From our offices, we help clients with Chapter 7, Chapter 11 and Chapter 13 filings. We can help you file for bankruptcy. Chapter 13 Bankruptcy Lawyers Tampa Florida.