Salt Lake City Bankruptcy Lawyers

Compliance and Discharge – Chapter 13 Bankruptcy

It is absolutely crucial that you comply with the repayment plan that you work out in your Chapter 13 bankruptcy case in order to successfully eliminate your obligation to pay your debts. The clearing of your obligation is called a discharge and will only be given upon the successful completion of your Chapter 13 payment plan – which may last three to five years.

Compliance with a Chapter 13 payment plan can be difficult, but it is by no means impossible. A Salt Lake City bankruptcy lawyer at our firm will be happy to explain the Chapter 13 bankruptcy process with you, in addition to explaining how the payment plan must be carried out. Once your repayment plan is approved by the court, you must make scheduled payments for an extended period of time, and this means living on a strict budget for up to five years. You will not be able to take on any new debt unless this is approved in advance by the bankruptcy trustee. By contacting our firm for a free initial consultation, you can find out the true effects of filing for Chapter 13 bankruptcy and what to expect in regards to complying with your repayment plan and discharging your debt.

Failing to make payments under a repayment plan may result in the court dismissing your Chapter 13 case or may result in a conversion to a Chapter 7 liquidation case.

Bankruptcy Attorneys Serving Salt Lake City, Ogden & Provo

A Chapter 13 discharge is highly complex, and what debt is eligible to be discharged may vary greatly from case to case. This is why it is important to discuss your particular case with an attorney and to consider having a bankruptcy attorney represent you through the life of your Chapter 13 case. You need to be sure that all of your eligible debts are discharged, that your bankruptcy petition and payment plan are filed properly, and that you are able to fully comply with the terms of your payment plan. A skilled and experienced lawyer can help you with all of this.

Contact a Salt Lake City bankruptcy attorney at the Stone Law Firm to discuss compliance and discharge in relation to your Chapter 13 case.