The Michigan Debtors Chapter 13 Confirmation Hearing Certificate is a document issued by the Bankruptcy Court after the debtor has successfully completed the Chapter 13 repayment plan. The certificate is a legal document confirming that the repayment plan has been approved and that the debtor has successfully completed all the requirements of the plan. There are two types of Michigan Debtors Chapter 13 Confirmation Hearing Certificate: The “Full” Certificate, which is issued when the repayment plan is approved without any modification; and the “Modified” Certificate, which is issued when the repayment plan is approved with modifications. Both certificates are evidence of the debtor’s successful completion of the Chapter 13 repayment plan.
Michigan Debtors Chapter 13 Confirmation Hearing Certificate
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MI-BKR-510E
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Debtors Chapter 13 Confirmation Hearing Certificate
How to fill out Michigan Debtors Chapter 13 Confirmation Hearing Certificate?
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FAQ
The chapter 13 confirmation order is, in essence, a final judgment that binds each creditor to the terms stated in the chapter 13 plan. Once the bankruptcy judge issues an order confirming the plan, the creditors are just as bound by the terms of the confirmation plan as the debtor is.
Time: Varies, but approximately 60-70 days after filing if no objection. If no objection to the original Chapter 13 plan is filed, the plan is usually confirmed within 30 days after the first meeting of creditors. If an objection is filed, the time for confirmation varies wildly.
During a confirmation hearing, the judge will either approve or reject a filer's proposed plan and hear any objections. A bankruptcy trustee might object to a repayment plan because they are concerned that the proposed payments are not adequate under bankruptcy laws.
After the meeting of creditors, the debtor, the chapter 13 trustee, and those creditors who wish to attend will come to court for a hearing on the debtor's chapter 13 repayment plan.
30, 60, or 90 day windows are common depending on the complexity of the case. In very rare circumstances, there is an actual ?hearing? with testimony. In these cases, your attorney should prepare you ahead of time. You will have to testify that your plan meets the requirements of Chapter 13.
It depends. Some courts require debtors to attend confirmation hearings. But in most cases, your attorney can attend on your behalf and answer questions the judge may have. But if you don't have an attorney, you must appear at the hearing; otherwise, the judge may dismiss your case.
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 .
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.