When you’re in a Chapter 13 bankruptcy case, you will need to make at least one appearance in the bankruptcy court. Soon after the creditor’s meeting, you will go before a judge for a confirmation hearing. Your plan will either be confirmed or sent back for adjustments. If your plan doesn’t meet the requirements of a Chapter 13 case, you and your lawyer can adjust the terms. Each time you propose an amendment, you must go to a new confirmation hearing.
Your plan can be denied if you do not have enough income to pay your priority creditors. You must also be able to stay current on your secured debts like your home or vehicle. If you have made several attempts to get your plan approved and each has denied, the judge may decide it’s hopeless and dismiss your case.
When your plan is approved, it will provide the payment structure for the three or five-year repayment period, depending on your income and the amount of debt you have. You should have already made a payment on the tentative plan within the first month after filing your bankruptcy papers with the court. If your plan is denied and your bankruptcy case dismissed, you will receive that payment back, less any administrative fees.
Getting the help of an experienced Dallas bankruptcy attorney can get your plan approved quickly.