Priority Debts In Bankruptcy Macon Ga

The debtor must make regular payments to the Chapter 13 trustee, which requires adjustment to living on a fixed budget for a prolonged period. Alternatively, a debtor may consent to the deduction of the plan payments, from the debtor's paycheck, to be sent directly to the Chapter 13 trustee. He must begin making payments under his Chapter 13 repayment plan within 30 days after he files it with the bankruptcy court. After the meeting of creditors is concluded, the bankruptcy judge must determine at a confirmation hearing whether the plan is feasible and should be approved. A Chapter 13 plan must pay certain debts called priority debts in full. Creditors may object to confirmation of the plan based on various grounds that are set forth in the Bankruptcy Code. In that instance, the bankruptcy court will hear and rule on the objections. Once the payment plan is confirmed, the trustee will distribute the money to his creditors. Usually, the debtor makes payments directly to the bankruptcy trustee. If you repay all of your debts in full, even if you have not yet reached the three or five year mark your plan will end no matter how much you earn. The bankruptcy court can also give you a hardship discharge.

Contact us if you want to file for bankruptcy. Our Macon, GA (Georgia) bankruptcy lawyers regularly help clients in Macon GA (Georgia), as well as Roberta, Warner Robins, Forsyth, Byron-Centerville, Culloden, Fort Valley, Haddock, Jeffersonville, Lizella, Perry, Gray, Irwinton, Milledgeville and Vienna including Bibb County, Monroe County, Jones County, Crawford County, Peach County, Twiggs County, Baldwin County, Dooly County Houston County, Wesleyan College, Macon State College and Mercer University file for bankruptcy.

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