Virginia Disclosure of Compensation of Attorney for Debtor in a Chapter 13 Case (Richmond Division Only) is a form that must be filed in the Richmond Division of the United States Bankruptcy Court for the Eastern District of Virginia. This form is required when a debtor files a Chapter 13 bankruptcy case. The purpose of this document is to provide information to the Bankruptcy Court about the fees and costs charged by the debtor's attorney for legal services in connection with the Chapter 13 case. The form includes information about the attorney's hourly rate, total compensation, and any payment terms that have been agreed upon with the debtor. Additionally, it includes a statement of disclosure outlining the debtor's rights and responsibilities in relation to the attorney's fees. There are two types of Disclosure of Compensation of Attorney for Debtor in a Chapter 13 Case (Richmond Division Only): one for standard Chapter 13 cases, and one for complex Chapter 13 cases.
Virginia Disclosure of Compensation of Attorney for Debtor in a Chapter 13 Case (Richmond Division Only)
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FAQ
Chapter 13 Discharge Frequently Asked Questions. How long does a Chapter 13 discharge take? Once the discharge process begins, it can take 6-8 weeks for the discharge to occur. This process starts once you have completed your payment plan over 3-5 years and meet all other requirements.
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.
In chapter 12 and chapter 13 cases, the debtor is usually entitled to a discharge upon completion of all payments under the plan. As in chapter 7, however, discharge may not occur in chapter 13 if the debtor fails to complete a required course on personal financial management.
Filers are usually hoping to get a bankruptcy discharge. That's the order that wipes out certain debts and gives you a fresh start. A dismissal is very different. It means your case has been stopped before the court granted a discharge.
A Chapter 13 case provides the opportunity to restructure debts through a payment plan which normally lasts three years. With court approval, a plan may last up to five years. The Chapter 13 Trustee receives all funds paid into the plan and pays creditors from these funds.
Closing of a Bankruptcy Case ? Closing means that all activity in the main bankruptcy case is completed. This means that all motions have already been ruled upon, and if a trustee was appointed, the trustee has filed a statement that all trustee duties have been completed. See related FAQs below.
A case closed without discharge is not dismissed, and it is not discharged. It can happen in several ordinary circumstances. Chapter 13 cases that follow closely after the Debtor receives a Chapter 7 discharge will not be discharged. In these cases, after the plan payments are completed, the case will be closed.
This chapter of the Bankruptcy Code provides for adjustment of debts of an individual with regular income. Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years.