What Is a Chapter 13 Confirmation Hearing?
The idea of a confirmation hearing can be quite intimidating. If you are like most people who are facing serious debt and considering Chapter 13 bankruptcy, the thought of sitting in a courtroom with a judge going through the finer details of your financial affairs does not sound like fun.
Do not be intimidated by the confirmation hearing. At Walton Legal Services, our Indiana bankruptcy lawyers have helped many clients through the plan and confirmation hearing. The laws regulating Chapter 13 bankruptcies are complex, and you should only proceed with Chapter 13 bankruptcy with the help of a lawyer. One of the main reasons why you should work with an experienced bankruptcy attorney is that we have been through this process many times. We can explain everything that is happening in a way that you will understand, and we will help you make sure your interests are protected and you get the best outcome possible.
Walton Legal Services: More than 30 years | More than 30,000 bankruptcies filed
The Chapter 13 plan and confirmation hearing is much less complicated than many people think. If you decide to file for Chapter 13, we will help you file a repayment plan early in the process, detailing the regular payments that you will be making to your creditors during the three-year or five-year repayment period.
The confirmation hearing is the time when the Bankruptcy Court will look over the repayment plan, discuss it with you and hear any objections from your creditors. Since there is no repayment plan component of a Chapter 7 bankruptcy, the Chapter 7 process also has no plan and confirmation.
The confirmation hearing is not meant to intimidate people filing for bankruptcy. It is really much simpler than people think. Also, a hearing is necessary only in cases that have some kind of dispute. Lacking any disputed issue, there is no hearing.
If you are looking for an Indianapolis debt-relief lawyer to help you find the road to financial freedom, call one of our Indianapolis law offices, call our Columbus, Indiana, office or contact us online. We offer free initial consultations, and we give you detailed up-front information about our fee arrangements, so there will be no surprises.
