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Kentucky Testimony submitted for Hearing on Proposed Amendments to Bankruptcy Rule 3015 and New Rule 3015.1

State:
Kentucky
Control #:
KY-SKU-0253
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PDF
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Testimony submitted for Hearing on Proposed Amendments to Bankruptcy Rule 3015 and New Rule 3015.1

Kentucky Testimony submitted for Hearing on Proposed Amendments to Bankruptcy Rule 3015 and New Rule 3015.1 is testimony presented by Kentucky citizens, organizations, and other stakeholders in response to the proposed amendments and new bankruptcy rule. The testimony can come in the form of written statements, oral presentations, or both. It is typically submitted to the U.S. Bankruptcy Court for the Eastern District of Kentucky for review and consideration. The main purpose of the testimony is to provide the court with an understanding of how the proposed changes to Bankruptcy Rule 3015 and the introduction of a new rule, 3015.1, will affect the citizens of Kentucky. The testimony should include opinions, facts, and arguments related to the amendments and new rule and their potential impacts on the state. It should also provide evidence and examples that demonstrate how these changes could affect the people of Kentucky.

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FAQ

This bankruptcy form Notice of Objecton to Proof of Claim and Notice of Hearing and Objection to Claim can be used in Chapter 13 bankruptcy by a debtor's attorney to object to the proof of claim of a creditor who has overstated the amount due.

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.

Here, a confirmation hearing is a court proceeding wherein a judge either approves or rejects a proposed debtor repayment plan, based on its feasibility and other legal requirements. At this hearing, a judge will also hear argument and rule on objections filed by creditors to elements of a debtor's repayment plan.

As part of the process, the debtor must submit a repayment plan for court approval. But other people with an interest in the bankruptcy case can also make their opinions known. The bankruptcy trustee assigned to the case and any of the creditors seeking repayment can file objections to the debtor's proposed plan.

Objections must be filed within 21 days after the conclusion of the 341 meeting. Plan can be confirmed without further notice or hearing absent timely objections.

An objection to the confirmation of a chapter 13 plan shall be made by motion setting forth the facts and legal arguments that give rise to the objection in sufficient detail to allow the debtor to file a reply or an amended plan that addresses the objection.

An objection to confirmation is a response filed in a chapter 13 bankruptcy to an original or amended plan that is filed in the case. When you file a chapter 13 bankruptcy you fill out a petition, schedules and a number of related documents. These are really disclosure documents.

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Kentucky Testimony submitted for Hearing on Proposed Amendments to Bankruptcy Rule 3015 and New Rule 3015.1