part 13 Bankruptcy - manufacture Your Payments to the Bankruptcy Trustee

Auto Accident Attorney Fort Lauderdale - part 13 Bankruptcy - manufacture Your Payments to the Bankruptcy Trustee

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In a part 13 bankruptcy, you'll make payments to the bankruptcy Trustee. These are the payments that the Trustee divides up and forwards to your creditors and it keeps you from having to make cut off payments on any debts that are included in your part 13 Plan (although you do separately pay anything debts are not included in your Plan). The number of each cost is set out in your part 13 Plan.

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Auto Accident Attorney Fort Lauderdale

Chapter 13 is complicated, so there are a ton of things that are bound to go wrong. Lots of them are nobody's fault, stuff just happens. The good news is that your bankruptcy lawyer can fix most of them, and negotiate away some of the others for you.

Your bankruptcy case, however, is a cooperative process. Your bankruptcy lawyer does some parts, and you do other parts. One of the things that your bankruptcy attorney cannot do is make sure your part 13 payments are made on time.

That's your job.

Missing your part 13 cost causes more problems than anything else, especially in cases that would otherwise be successful. Even though both your attorney and the bankruptcy Trustee spend extra effort emphasizing how indispensable it is to keep your part 13 payments current, accidents are bound to happen.

Here's what you have to remember:

First, you are the one whose job it is to make sure the Trustee receives your payments. In Dallas, your payments should be made by payroll deduction or auto-debit. It is way simpler for you that way, but you must be proactive in manufacture sure that the firm you work for is sending the money in like they are supposed to be doing. If you get to the confirmation hearing and all of your payments have not yet been made, your case will get dismissed. There are times when the Trustee's internal records show a delinquency, even though you think the funds were taken out of your paycheck. If you think that your owner is keeping out the money but it has not been sent in yet, speak up. If you get your paycheck and observation that your owner is not taking the money out, you have to go talk to the payroll someone at your company.

Second, keep in mind that your Trustee payments start immediately but until the payroll deduction kicks in, you must physically send your payments directly to the Trustee. The first due date for a case in Dallas will be 30 days after the day we filed the bankruptcy case. This part is extremely important: If you miss your first payment, your case will get dismissed. The first any months of the case are like a "trial period" or being "on probation" with the Trustee. That time period is where you try to prove that you are responsible adequate to be allowed to do a part 13, and where you and your lawyer together are proving to the bankruptcy Trustee that your part 13 Plan will legitimately work to get you back in good standing with your mortgage firm and other creditors. Bankruptcy law requires that your Plan be "feasible" and the most foremost part of that measurement is when the Trustee takes a look at your cost history in order to see if you have demonstrated an quality to keep up with and make all your Plan payments as they are arrival due. If you fall behind in your Trustee payments and don't catch them up immediately, you have doomed your own case.

Third, please ensure that any cost you submit has your full name and the court's case number written right on the front of it. Your part 13 Trustee has many thousands of files to oversee and you don't want your cost delayed because it got lost in the shuffle and not matched up to your case. Most Trustees will not accept personal checks so send a cashier's check or money order and make sure that you save the receipt. Also make sure you send it to the right place. All of the Trustees in North Texas use a Memphis, Tn address (which is on the preliminary paperwork that the Trustee sends). Since it's a Po Box, you can't send a cost via FedEx although you could use the Postal Service's Express Mail selection if you are in a hurry, or certified mail otherwise. Any way you send it, hold onto the proof of mailing.

Finally, you can and should take the time to monitor the payments received by the Trustee in your case. Verify with the Trustee's office that your payments have been received and properly credited. All of the Trustees that I work with (Dallas, Plano and Fort Worth, Texas) have this data online so that you can log in and see what's going on in your case. If you accidentally skip or miss a cost at some point, it's vitally foremost to get your payments caught up before the Trustee notices the delinquency and asks the bankruptcy judge to dismiss your case.

Getting a solid part 13 case going is hard on you, and a ton of work for your bankruptcy attorney. It's a shame when all that work goes to waste because of a missed Trustee payment. But with these guidelines, you should be able to minimize the risk of dismissal and maximize your opening of a thriving part 13 bankruptcy case.

I hope you obtain new knowledge about Auto Accident Attorney Fort Lauderdale. Where you possibly can put to used in your daily life. And above all, your reaction is passed about Auto Accident Attorney Fort Lauderdale. Read more.. part 13 Bankruptcy - manufacture Your Payments to the Bankruptcy Trustee.