Do I need to appear at the Chapter 13 Confirmation Hearing?
Confirmation Hearings are an essential part of any Chapter 13 Bankruptcy. They are the means by which a proposed Chapter 13 bankruptcy plan becomes official. This allows the bankruptcy to move forward and opens the way for the eventual discharge. When a new plan proposal is made, they are held. They always follow a 341 meeting (also known as a first creditors’ meeting) when a Chapter 13 bankruptcy is filed. Many people wonder if they have to attend this hearing or if the bankruptcy plan can be modified or negotiated by the parties at the hearing. If you have retained an attorney to represent you, then any appearances required for the confirmation of your Chapter 13 plan should be handled by your attorney. Most confirmation hearings, however, proceed by default. This means that no appearances (including those by attorneys) are required for the plan to get confirmed.
As for the second question, whether the plan is discussed or negotiated during this hearing, the answer is usually no. By the time the confirmation hearing is held, attorneys from all parties involved, including the filer and trustee, as well as any creditors who may have spoken up, will have had a chance to communicate about the steps needed to ensure the plan’s confirmation. During these conversations, any changes or modifications to the plan are usually discussed and resolved. In rare cases where they are not, and a confirmation is contested by the opposing party, their attorney will appear to represent their interest. Call Now for a Free Strategy Session from a MN Bankruptcy Lawyer at LIFEBACK LAW FIRMS
The Chapter 13 confirmation hearing is crucial to the success of any bankruptcy. The confirmation hearing is not only the official way for a bankruptcy to proceed and succeed, but it also opens up a wide range of options. For example, it allows the trustee to disburse payments to creditors and take on new loans. Confirmation can be a huge relief for anyone going through bankruptcy. No one should have to worry how their confirmation hearing is going to end up. Our firm prides itself on handling every aspect of the confirmation process, including appearing on your behalf, if needed, at the confirmation hearing. So, when the time is right, or when you are ready, please don’t hesitate to reach out to Minnesota’s most kind and helpful bankruptcy law firm by going now to
www.lifebacklaw.com
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