Bankruptcy Forum

Officially Filed

gettingby2008
02-04-2009, 06:51 AM
Our chapter 13 was officially filed yesterday (wow what a relief) our 341 is not scheduled until 3/31 because of back log at the court. Hoping everything goes smooth and the time goes quickly!

StartingOver08
02-04-2009, 06:56 AM
Congratulations! You must feel much better now! :clapping::clapping:

AngelinaCatHub
02-04-2009, 07:03 AM
The hardest part of any journey, is the first step. Grats. 'Hub and Mrs.

Trixie007
02-04-2009, 08:03 AM
Congrats on filing! I hope you can relax until your hearing! Does that mean your 60 day waiting period doesn't start until 3/31?

gettingby2008
02-04-2009, 08:21 AM
Here is the timeline that is posted on Pacer It seem so drawn out to me is this typical?

341 meeting 3/31/09
Confirmation hearing 5/1/09
Objection of dischargeability of certain debts 6/1/09
Chapter 13 proof of claims due 6/29/09

Thanks

justbroke
02-04-2009, 09:24 AM
Here is the timeline that is posted on Pacer It seem so drawn out to me is this typical?

341 meeting 3/31/09
Confirmation hearing 5/1/09
Objection of dischargeability of certain debts 6/1/09
Chapter 13 proof of claims due 6/29/09

ThanksYes, and this is why I'll repeat that a Bankruptcy is a technical procedure. All those dates, are determined based on the BK Code. :)

justbroke
02-04-2009, 09:24 AM
Congrats on filing! I hope you can relax until your hearing! Does that mean your 60 day waiting period doesn't start until 3/31?It's a Chapter 13... the discharge is much longer than 60 days from the first scheduled 341 meeting.

gettingby2008
02-04-2009, 09:35 AM
Thanks for the info

holding on
02-04-2009, 09:36 AM
Welcome to the club! Here's to a successful Ch13 journey :)

justbroke
02-04-2009, 09:37 AM
Oh yeah...


Welcome to Club 13!

BigJohn
02-04-2009, 09:40 AM
Congraulations!

Has your lawyer started on your plan yet?

krielly
02-04-2009, 10:13 AM
Yes! Welcome to the club.
...I've been a proud member since October 2005 :blush2:

Good luck! Taking that first step is tough, but it's a relief when you have a plan for dealing with the whole financial mess!!!!

K

253BK
02-04-2009, 10:38 AM
the 341 meeting is pretty easy hang in there and you will be smooth sailing very soon!!!

gettingby2008
02-04-2009, 10:45 AM
The proposed plan was 700 per month for 60 months Trustee to take 4 years of tax returns. He stated our numbers were pretty cut and dry but that the Trustee trys to negotiate on almost all cases and that most likely actual plan payment will be closer to 800. I am very comfortable with that payment.

We have about 150K unsecured debt and we are also lien stripping the 2nd of 50K so total unsecured will be 200K

StartingOver08
02-04-2009, 10:57 AM
That sounds like an excellent plan!

liz417
02-04-2009, 03:26 PM
Sounds great!! :D CONGRATS!!!