The Chapter 13 Bankruptcy Confirmation Hearing

When individuals choose to file for bankruptcy, they typically file for either Chapter 7 or Chapter 13 bankruptcy. For many, Chapter 13 bankruptcy could be the better option as Chapter 13 bankruptcy allows debtors to establish a repayment plan to pay off creditors over a three to five year period. Similar to Chapter 7 bankruptcy however, there are some specific steps you must go through. One of these is the confirmation hearing, in which creditors and the judge presiding over your case have the opportunity to look over and approve your repayment plan.

To learn more about the confirmation hearing and other facets of Chapter 13 bankruptcy, contact a Raleigh bankruptcy attorney from the Bradford Law Offices, PLLC, at 919-758-8879. Our legal team is devoted to providing support to people looking to improve their financial situation.

What is a Confirmation Hearing?

The judge holds the confirmation hearing within 45 days after the creditors meet so he or she can look over the repayment plan and either approve or deny the proposed plan. Typically, the judge will approve the plan as long as the following problems do not exist:

  • Any part of the plan violates the Bankruptcy Code
  • The amount creditors receive is less than the amount they would receive in a Chapter 7 bankruptcy filing
  • The debtor hasn’t allotted enough of his or her disposable income toward repaying debts

Contact Us

Deciding whether to file for Chapter 13 bankruptcy or creating a repayment plan can be stressful without the right help. To get the support you need and deserve, contact a Raleigh Chapter 13 bankruptcy lawyer at the Bradford Law Offices, PLLC, at 919-758-8879 today.