Maine Order Confirming Chapter 13 Plan And Setting Deadlines For Certain Actions is an order issued by the Bankruptcy Court confirming the Chapter 13 Plan filed by the debtor. The order sets deadlines for certain actions to be taken by the debtor, the debtor's attorney, and the Chapter 13 Trustee. The debtor is given a specific timeline within which to make certain payments and other actions. Depending on the particular case, the order may also specify the deadlines for filing motions and other documents with the court, as well as deadlines for the creditors to object to the plan. There are two types of Maine Orders Confirming Chapter 13 Plan And Setting Deadlines For Certain Actions: Preliminary and Final Orders. The Preliminary Order is issued after the Debtor has filed a proposed Chapter 13 Plan with the court. It sets deadlines for certain actions to be taken by the debtor, the debtor's attorney, and the Chapter 13 Trustee, such as filing motions with the court and making required payments. The Final Order is issued after the hearings have been held and all the issues have been resolved. It sets the deadlines for the debtor to make the payments under the plan and for the creditors to file any objections.
Maine Order Confirming Chapter 13 Plan And Setting Deadlines For Certain Actions
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FAQ
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.
Objections to the confirmation of a chapter 13 plan that is timely filed and noticed prior to the § 341 meeting of creditors must be filed not later than seven (7) days after the date of the § 341 meeting of creditors.
This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.
In bankruptcy law, a hearing generally occurs related to either Chapter 13 or Chapter 11 federal bankruptcy. 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.
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.
Possible objections to Chapter 13 bankruptcy plans Lack of good faith ? Creditors are entitled to receive at least as much in a Chapter 13 as they would if the debtor had filed a Chapter 7 liquidation.Inaccurate listing of debt ? The plan must list the debtor's full amount of unsecured debt.
An order confirming the chapter 13 plan is a Bankruptcy judge's approval of the Debtor's proposed chapter 13 repayment plan. For more information, see 11 U.S.C. §1325 .
Unlike chapter 7, creditors do not have standing to object to the discharge of a chapter 12 or chapter 13 debtor. Creditors can object to confirmation of the repayment plan, but cannot object to the discharge if the debtor has completed making plan payments.
A Chapter 13 confirmation hearing is a court proceeding at which a bankruptcy judge decides whether someone has sufficient income to qualify for Chapter 13 bankruptcy. At the confirmation hearing, the judge reviews the filer's proposed plan to repay creditors.
