While it’s not mandatory, having a lawyer can guide you through the twists and turns of the process and help ensure things get done right.
Once your discharge is granted, creditors are usually off your back for discharged debts. It’s like a weight off your shoulders!
If your plan doesn’t get the green light, you might have to tweak it or, in some cases, look into other bankruptcy options to keep things rolling.
Absolutely! One of the main aims of Chapter 12 is to help struggling farmers or fishers keep their operations and ride out the financial storm.
Typically, after you've completed your plan, which usually lasts three to five years, you can expect to receive your discharge shortly after the plan is confirmed by the court.
Discharging a Chapter 12 bankruptcy means that you are officially wiped clean of your financial obligations under the plan, allowing you to start fresh without the burden of certain debts.