Long story short...I'm considering converting my Ch13 to a Chp11. I owe more than the Chp13 limit, it is all income tax (late filing, under paid etc.) if you pay child support then you won't ask questions and if don't well "good for you" a la Christian Bale's rant.
My question is:
Is there a defined length of a Chapter 11? I can't seem to find anything concrete. I'm wondering if I can develop a plan that would satisfy the beast over 7 years.
No offense please spare me the OIC stuff, if had 20% of what I owe I would happily pay. But in my case the IRS doesn't negotiate, they take without considering the consequences.
My question is:
Is there a defined length of a Chapter 11? I can't seem to find anything concrete. I'm wondering if I can develop a plan that would satisfy the beast over 7 years.
No offense please spare me the OIC stuff, if had 20% of what I owe I would happily pay. But in my case the IRS doesn't negotiate, they take without considering the consequences.
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