What happens if my creditors do not agree with the repayment plan? 5 Answers as of November 01, 2010

I am filing for Chapter 13 bankruptcy. Do the creditors all have to agree on the repayment plan set by the judge during the confirmation hearing, or can the judge overrule their ideal schedules?

Ask a Local Attorney. 100% Anonymous. Free Answers.

Free Case Evaluation by a Local Lawyer: Click here
Sussman & Associates
Sussman & Associates | Mitchell Sussman
The judge can overrule objections.
Answer Applies to: California
Replied: 10/29/2010
The Law Office of Mark J. Markus
The Law Office of Mark J. Markus | Mark Markus
Your repayment plan in Chapter 13 is based on a complex calculation including your gross income for the 6 months prior to filing, and other factors. Creditors do not get to vote for your plan and have no basis to object to the amount being paid if it is the correct amount as determined by the required calculations.
Answer Applies to: California
Replied: 10/29/2010
Greifendorff Law Offices, PC
Greifendorff Law Offices, PC | Christine Wilton
Creditors can object to the confirmation of a chapter 13 plan. Your attorney will advise you of your rights and remedies in your case. It is not recommended to represent yourself in Chapter 13.
Answer Applies to: California
Replied: 10/29/2010
Diefer Law Group, P.C.
Diefer Law Group, P.C. | Abel Fernandez
They have to file an objection and the judge will decide.
Answer Applies to: California
Replied: 10/29/2010
Click to View More Answers: