by K. Hunter Goff
Having a plan is a good idea! Plans help accomplish goals in business, relationships, and life in general. In Chapter 13 bankruptcy, having a plan is a great idea, and it's the law.
Clients look to me as their Orlando bankruptcy lawyer to formulate a Chapter 13 plan that meets all of their financial goals. The Chapter 13 plan, which lasts from 3 to 5 years, is used to cure arrearages on a mortgage, completely eliminate a second mortgage, discharge credit card debt, shave money off a car loan, or pay off IRS debt.
In a Chapter 13 bankruptcy, the person filing the case (Debtor) files a payment plan at the beginning of the case. This plan addresses what goals the Debtor wants to accomplish during the term of the plan. It also serves as guidance to creditors as to how they are going to be treated in the plan. Finally, it provides instruction to the Chapter 13 Trustee regarding who she is to pay and how much she is to pay each creditor.
The Debtor has several options to choose from when creating a chapter 13 plan. Too often in Court I see folks try to develop a plan with no idea how to express what they want to do in the plan in a way that can be understood by anyone. The result is that the plan gets objected to, or the Debtor's case gets dismissed by the Trustee. This is bad because then the Debtor has filed bankruptcy and got nothing from it.
Hiring an experienced Orlando bankruptcy lawyer is a greta first step to getting the result you want in your Chapter 13 case. Most of the time in my cases, when my clients make their Trustee payments, they never even have to go to the Bankruptcy Court at all during their case. The most important thing, though, is that my clients succeed in meeting the financial goals they set at the beginning of their case.
Having a plan is important, especially in Chapter 13 cases. Having a plan that successfully navigates you through the case and relieves you from overwhelming debt is even better. - 41115
Learn more about (http://www.khuntergoffpa.com) Chapter 13 bankruptcy. Stop by K. Hunter Goff's site where you can find an experienced (http://www.khuntergoffpa.com/Bio/HunterGoff.asp) Orlando bankruptcy lawyer and learn how he can help you.
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New Unique Article!
Title: Chapter 13 Bankruptcy: What's The Plan?
Author: K. Hunter Goff
Email: hunter@khuntergoffpa.com
Keywords: Chapter 13 plan, Chapter 13 bankruptcy, Orlando bankruptcy lawyer, bankruptcy lawyer, bankruptcy, lawyer, legal, law
Word Count: 349
Category: Finance:Debt Consolidation
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