Jack Setters

Description

No later than 45 days after the meeting of creditors, the bankruptcy judge must hold a confirmation hearing and decide whether the plan is feasible and meets the standards for confirmation set forth in the Bankruptcy Code. Creditors will receive 28 days' notice of the hearing and may object to confirmation. While a variety of objections may be made, the most frequent ones are that payments offered under the plan are less than creditors would receive if the debtor's assets were liquidated or that the debtor's plan does not commit all of the debtor's projected disposable income for the three or five year applicable commitment period. If the court confirms the plan, the chapter 13 trustee will distribute funds received under the plan generally starting the following month. If the court declines to confirm the plan, the debtor may file a modified plan. The debtor may also convert the case to a liquidation case under chapter 7.

ATTORNEY FEES: As a Client we want you to receive the best representation at the most affordable price. It would be unfair for us to quote you a "standard" fee.Therefore, at Setters Law Office each and every Client's fee is based on their individual case and ability to pay. We have some afforable payment plans available to the clients that are legal and acceptable to the Courts. We provide a Free Initial Consultation.

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