Bankruptcy Attorney Boaz, AL

Chapter 13

This is sometimes known as “Debtors Court.” It is court-ordered debt consolidation for a 3 to 5 year repayment period. There is not a requirement that you pay ALL of your debt back through the bankruptcy -- how much you would have to pay depends on your situation. We can give you an idea of how a Chapter 13 would work for you once we have your initial information. The overall costs of doing a Chapter 13 are much greater than a Chapter 7, but we will usually require only the court costs of $363.00 up front to file a Chapter 13. Once you file a Chapter 13, you begin making payments to a Chapter 13 Trustee within 30 days and she distributes the monies you pay directly to your creditors. There are at least two court dates: the first will be an initial meeting with the Trustee, known as a “creditors meeting” within about a month after you file your bankruptcy. The second hearing date will be for the purpose of the Judge approving or “confirming” your repayment plan and usually is held within about 4 months of the filing of your bankruptcy. Often, your presence is not required at the confirmation hearing.