The Wyoming Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is a legal document that is used in bankruptcy cases. This specific form is applicable to both PRE and post-2005 bankruptcy cases. The purpose of this form is to seek court approval for the disclosure statement, which provides detailed information about the debtor's financial situation and proposed plan for reorganization or liquidation. The disclosure statement is a crucial document that is provided to creditors, allowing them to make informed decisions regarding the debtor's plan. By obtaining the court's approval, the debtor can move forward with the bankruptcy process, including scheduling a hearing on the confirmation of the proposed plan. The confirmation hearing is a critical step where the court evaluates the feasibility and fairness of the proposed plan and determines whether it should be approved. The Wyoming Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is typically filed by the debtor's attorney. It outlines the necessary information required by the court, such as the case number, the type of bankruptcy (Chapter 7, Chapter 11, or Chapter 13), the debtor's name and address, as well as details regarding the disclosure statement. It is important to note that there may not be different types of Wyoming Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 1fopperyre and post-2005 Act bankruptcy cases. The form remains relatively consistent in its purpose and requirements, regardless of the enacted bankruptcy laws. In summary, the Wyoming Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is a vital legal document used in bankruptcy cases in Wyoming. It seeks court approval for the disclosure statement and sets the stage for the confirmation hearing, where the debtor's proposed plan for reorganization or liquidation will be evaluated.
Wyoming Order Approving Disclosure Statement and Fixing Hearing on Confirmation - Form 13 - Pre and Post 2005 Act
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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 .
If the court confirms the plan, the chapter 13 trustee will distribute funds received under the plan "as soon as is practicable." 11 U.S.C. § 1326(a)(2). If the court declines to confirm the plan, the debtor may file a modified plan.
The bankruptcy court must confirm a plan if (1) the plan satisfies the provisions of chapter 13 and other applicable provisions of title 11; (2) it is proposed in good faith; (3) it is in the best interests of creditors, and defined by subsection (a)(4) of Section 1325; (4) it has been accepted by the holder of each ...
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.
Chapter 13 Plan Confirmation Requirements Whether your plan is practical in terms of making the required payments on time. Whether unsecured creditors will get at least the amount they would have gotten had you filed a Chapter 7 bankruptcy.
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.