This form is an order confirming a chapter 12 plan. The plan is confirmed with certain provisions encompassing payment amount, due date of payment, and period of payments.
Alabama Order Confirming Chapter 12 Plan - B 230A
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How to fill out Order Confirming Chapter 12 Plan - B 230A?
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FAQ
After receiving all required payments under the plan (including any tax refunds owed) and completing an audit to determine that all amounts owed were received, the Chapter 13 Trustee will file a Certificate of Final Payment with the Bankruptcy Court.
After Plan Completion: After all payments have been completed, the Chapter 13 Trustee will file a Motion to Return any Excess Funds to Debtor and to Terminate any Payroll Deduction by Employer. If the Motion is granted, the Court will enter an order granting the motion and issue two notices.
Chapter 12 is designed for "family farmers" or "family fishermen" with "regular annual income." It enables financially distressed family farmers and fishermen to propose and carry out a plan to repay all or part of their debts.
If your case is dismissed, you are entitled to a refund of any money that is still in the trustee's possession. However, the trustee has to get approval from the court to send the money back to you, and they are allowed to take their administrative fees out of that money before refunding it.
In most cases, paying off a Chapter 13 settlement early won't work to your advantage. By doing so, you're required to repay 100 percent of the debt you owe to your creditors instead of the reduced, agreed-upon amount.
The Chapter 13 Discharge Process The entire process typically takes six to eight weeks, assuming there are no paperwork delays. To make sure your debts are discharged as smoothly as possible, you will need to do the following: Ensure all domestic support obligations have been paid.
