subject: What Chapter 13 Rules Must I Follow For My Confirmation Hearing In Missouri And Illinois? [print this page] The confirmation hearing in a Chapter 13 bankruptcy means the beginning of your new life. But before you can get started on having the life you dreamed of, you and your St Louis bankruptcy attorney must resolve any concerns from the Trustee or your creditors.
If, when you file your Chapter 13 plan, the Trustee or your creditors don't agree with any of the terms, they can object to your plan. You and your St Louis bankruptcy attorney, if there is one, then have a small window of time in which to resolve any open objections.
Why would the Trustee (or your creditors) object to your Chapter 13 payment plan? Ultimately, it is the Trustee's job to get as much as possible to the creditors. Luckily, it is a Missouri or Illinois bankruptcy lawyer's job to make sure you pay as little as possible. Unfortunately, if you file by yourself, you might not know how to negotiate your plan to make sure you get to pay what you want to pay.
The plan will the be amended if that is the decision that has been made and given to the court for confirmation.
How likely is it that your plan will be confirmed? It will be easy to get your plan confirmed as long as you are current on your payments and have taken care of any objections that were resolved or overruled by the Judge. After your plan is confirmed, your creditors can no longer object and instead must accept the terms of your plan.
Keep in mind, a Fairview Heights Illinois or St Louis bankruptcy attorney that can predict the behavior of the judges is a super bonus. Attorneys that have worked in the same area for a long time will know what to expect from Judges and can usually predict whether a judge will confirm a plan or not.
Will you have to go to court for the confirmation hearing? If you've gotten the best bankruptcy attorney, you probably won't have to show up to court. The best bankruptcy attorney can get any concerns worked out before your hearing and, therefore, not require an appearance from you.
It is probably obvious to you that filing on your own is a constant battle. Before you decide that filing by yourself is the cheapest and easiest route, make sure you think about the risks you are taking in doing so. Trying to get through a confirmation hearing without help is an excellent way to make a critical error.
