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Along with the mandatory questions, trustees typically ask about your property and other assets, income, expenses, and debts. Other areas will include discrepancies in your bankruptcy forms and how you came up with a value for various property items.
Keys to Success In Chapter 13 Take the Debtor Financial Management Course Immediately. ... Understand your obligations under the Plan and Confirmation Order. ... Stay current on your Mortgage Payments. ... Stay current on Taxes and Domestic Support Obligations. ... Make Your Plan Payments Through a Wage Deduction Order.
Trustees do not like when you give evasive answers like: I don't know; I can't remember. Be truthful. Remember, only honest people receive a discharge of their debts in bankruptcy.
In a Chapter 13, an objection to confirmation is basically a written statement from the Chapter 13 Trustee or a creditor of the debtor that there is something wrong with the case that needs to be fixed before the confirmation hearing.
A Chapter 13 petition for bankruptcy will likely necessitate a $500 to $600 monthly payment, especially for debtors paying at least one automobile through the payment plan. However, since the bankruptcy court will consider a large number of factors, this estimate could vary greatly.