The Texas Notice of Chapter 13 Bankruptcy Case is a document that is sent to creditors by the debtor when they file for Chapter 13 bankruptcy protection. This document informs creditors of the debtor's bankruptcy filing, their intention to enter into a repayment plan, and their right to object to the plan if they so choose. It also includes a copy of the repayment plan that the debtor has proposed. There are two types of Texas Notice of Chapter 13 Bankruptcy Case: the "Original Notice" and the "Continuing Notice." The Original Notice is sent to creditors when the debtor first files for bankruptcy, and the Continuing Notice is sent to creditors as the debtor makes payments and/or changes to the repayment plan.
Texas Notice of Chapter 13 Bankruptcy Case
State:
Texas
Control #:
TX-SD-B-309I
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PDF
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Notice of Chapter 13 Bankruptcy Case
How to fill out Texas Notice Of Chapter 13 Bankruptcy Case?
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FAQ
For Chapter 7 and Chapter 13 cases, a Section 341 Meeting of the Creditors will take place between 30 and 45 days of filing your petition; you are required to attend this meeting.
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.
Public Access to Electronic Records (PACER) The Public Access to Electronic Records, or PACER, system is the most widely used method of reviewing Texas bankruptcy records. The PACER case locator allows you to search for US district, bankruptcy, and appellate cases.
After confirmation, the trustee will begin paying the creditors listed in your Chapter 13 plan from the monthly payments you send in. It is crucial to the success of your case that you make timely and regular payments to the trustee.
About 45 days after you've received your discharge, you will receive a document called a Final Decree. It's the document that officially closes your case. Once this document is received, you are no longer in bankruptcy.
Also do not not incur debt, use credit, credit cards, or enter into leases while in Chapter 13 without Bankruptcy Court approval, except in the case of an emergency for the protection and preservation of life, health or property. Contact your attorney if you need to sell property or incur debt.
Although a Chapter 13 bankruptcy stays on your record for years, missed debt payments, defaults, repossessions, and lawsuits will also hurt your credit and may be more complicated to explain to a future lender than bankruptcy.
A Chapter 13 petition for bankruptcy will likely necessitate a $500 to $600 monthly payment, especially for debtors paying at least one automobile through the payment plan. However, since the bankruptcy court will consider a large number of factors, this estimate could vary greatly.
