Mississippi Notice of Amendment of Schedules (Chapter 13)

State:
Mississippi
Control #:
MS-SKU-0056
Format:
PDF
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Description

Notice of Amendment of Schedules (Chapter 13)

The Mississippi Notice of Amendment of Schedules (Chapter 13) is a document that is required to be filed in the bankruptcy court whenever a debtor in a Chapter 13 case has made changes to their schedules of assets and liabilities. This document is needed in order to inform the court and creditors of any changes in the debtor's financial situation and to ensure that all parties are aware of the debtor's current financial situation during the bankruptcy process. There are two types of Mississippi Notice of Amendment of Schedules (Chapter 13): (1) Original Amendment and (2) Subsequent Amendment. The Original Amendment must be filed with the court when the debtor initially files their petition. The Subsequent Amendment must be filed when the debtor makes any changes to their schedules after the original filing. Both amendments must include information such as the debtor's name, case number, amendments to the schedules, and any creditors affected by the changes.

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FAQ

Chapter 13 also contains a special automatic stay provision that protects co-debtors. Unless the bankruptcy court authorizes otherwise, a creditor may not seek to collect a "consumer debt" from any individual who is liable along with the debtor.

Also known as plan. A comprehensive document prepared by a debtor or another party in interest detailing how the debtor will continue to operate or liquidate, and how it plans to pay the claims of its creditors over a fixed period of time.

A Chapter 13 bankruptcy is an individual reorganization for people who have enough disposable income to pay both their bills and their debts, and who own property that they want to protect, but who need a break to get back to solvency.

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.

Chapter 13 (also called a reorganization) bankruptcy is a legal process that allows you to restructure your debt so that it's more manageable. During the process, you and your creditors will design a repayment plan that lasts from three to five years.

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Mississippi Notice of Amendment of Schedules (Chapter 13)