BankruptcyLawNetwork

Much gets done on Chapter 13 day in Bankruptcy Court. Other courts around the country may operate differently, but in the Syracuse and Utica divisions of the Northern District of New York Bankruptcy Court, Chapter 13 day is held only once or twice each month. So what happens and who goes to these court days?

A five year study of the 2005 Bankruptcy Reform Act conducted by The Institute For Financial Literacy paints a picture of who files bankruptcy, and why.  Do you see yourself in this picture?  

A December 1st 2013 bankruptcy rule change allows the approved provider of a debtor education course on personal financial management to notify the court that debtor completed the course requirement. The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act required debtors in chapter 7, 11, and 13 cases to file a Form 23 certification of course completion with the court in order to obtain a discharge of debt.

Chapter 13 bankruptcy is about payments. After all, it’s a “payment plan bankruptcy.”  But what if you just can’t make the payments?

A moratori…what?

A motion for moratorium of payments is a motion you can file to suspend your plan payments for a period of time.