What is a Chapter 13 bankruptcy objection and why did I get one: Minneapolis, Minnesota
When you declare bankruptcy, any party interested in your case has a right to object. This blog will focus primarily on objections in Chapter 13 cases. A common objection in Chapter 13 cases is the amount creditors receive under your Chapter 13 plan. Vehicle and mortgage lenders, for example, often object to the confirmation of the plan when the amounts are incorrectly stated or they believe the amount paid should have been higher. When you file for bankruptcy, you attorney may have crammed the loan on your car so that you pay what your vehicle is worth. The vehicle lender could object if it believes the vehicle is worth $13,000. The IRS is another party that may object to confirmation if they are not being paid enough or all taxes have not been filed.
Objections can also come from the US Trustee’s office or the trustee in your case. The trustee’s office may object to confirmation if they find an error in your case or strongly disagree with something. The trustee’s office could object to confirmation if there was a mistake made when filing your case. If the trustee’s offices strongly disagrees with you or has reasons to support why something should be listed differently or disclosed in your case, then they may file an opposition. If you receive an object, rest assured that the information has been sent to your attorney. They will walk you through your objection and help you come up with ideas or a resolution, whether it is filing a modification or holding an hearing.
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