Chapter 13 Bankruptcy Plan

: Reese Baker & Associates

  Filed under: Chapter 13

The cornerstone of Chapter 13 bankruptcy is your repayment plan. This type of bankruptcy allows you to keep your possessions while giving you time to catch up on your debt such as your home or your vehicle.

The basic rules are the same for making a plan in its simplest form, how much you make, how much you owe, and how you plan to pay it back. If after filling out your forms, the trustee objects to a part of it, they should give you suggestions on how you can amend the form to be approved by the court.

Forms

You can go to your district’s website and find the specific forms you need when filing bankruptcy. Some districts have short forms that tend to be harder to fill out because it assumes you know what to put where. The longer forms usually have more information to help guide you through the process.

Check Requirments

When you are ready to fill out your forms for a bankruptcy case, be aware some forms may be different in your district. By visiting www.uscourts.gov you should be able to find the forms for the repayment plan for Chapter 13 under the “forms” link. You can also pick up copies of the form from the court clerk.

If you have questions about bankruptcy and want to get the best advice on how to fill out your bankruptcy forms, contact a Rio Grande bankruptcy attorney.