Confirmation question

[NeedOptions]

It looks as though my case was confirmed today. However, what does this actually mean? I assume it means that my plan is set for the next 5 years. Is this true? If confirmation was given by the judge, does this mean that my payment cannot change? I do not want to "celebrate" until I am 100% out of the woods. Is there any chance that the judge can reopen the case and ask me to pay more? Thanks.

[systemslt]

your plan is set as long as nothing changes too much.


the trustee can file to reopen your bk so keep low by paying on time.


i am not a lawyer

i am 3 months from completing my 36 month chapter 13 plan.

[justbroke]

It looks as though my case was confirmed today. However, what does this actually mean? I assume it means that my plan is set for the next 5 years. Is this true? If confirmation was given by the judge, does this mean that my payment cannot change? I do not want to "celebrate" until I am 100% out of the woods. Is there any chance that the judge can reopen the case and ask me to pay more? Thanks.

Congratulations on your confirmation. The Confirmation is part of the "technical" portion of a Chapter 13 Reorganization, which basically makes your Plan of Reorganization an enforceable contract. So long as you continue paying and staying in compliance with the terms of the Confirmation Order (like not taking on new debt or getting behind in payments), the Court will continue to protect you from creditors.

The Judge doesn't re-open your case. First, your case is still open. Confirmation just "blesses" the plan and makes it legally binding upon everyone named in the plan, including you. If something changes with your finances, your plan may be modified by you -- by or through your attorney -- or by the Chapter 13 Standing Trustee. Usually, nothing changes and so long as you stay in compliance, you'll receive your discharge after your 60 months are over.

[NeedOptions]

That makes perfect sense, thanks justbroke. One other thing that I wanted to ask was that my trustee never mentioned anything about tax returns. I asked a clerk at my lawyers office and she said the money is mine to do with as I please. Does this seem right?

[justbroke]

That makes perfect sense, thanks justbroke. One other thing that I wanted to ask was that my trustee never mentioned anything about tax returns. I asked a clerk at my lawyers office and she said the money is mine to do with as I please. Does this seem right?

The question on whether the Trustee requires "annual" tax returns to be sent to them, is a District-specific process! If your Trustee doesn't require them, then you are amongst the LUCKY! That means, just keep your head down, pay on time, and any increase in salary should be yours to keep. (I say "should be" because I can't outright say that a Trustee or creditor will never seek an increase in your plan payments due to a change in financial circumstances.)