If a creditor’s proof of claim is too large, you may need to object to it to avoid dismissal of your Chapter 13 case.
Objecting to Priority and Secured Proofs of Claim
If a creditor’s proof of claim is a “priority” or secured debt is too high, object to it to avoid paying too much in your Chapter 13 case.
Objecting to a Creditor’s Proof of Claim
If you object to a creditor’s proof of claim in your Chapter 13 case, and prevail in that dispute, you pay nothing on that debt.
When a Creditor Doesn’t File a Proof of Claim in Chapter 13
If a creditor doesn’t file a timely proof of claim on a debt in your Chapter 13 case, you pay nothing on that debt.
Pay Nothing on Most Debts in Chapter 13
In some jurisdictions you can pay nothing to your “general unsecured” creditors, if all your money goes to paying higher priority ones.
Sometimes Some Creditors Are Paid Nothing in Chapter 13
Chapter 13 payment plans usually have you pay something to all of your creditors. But not necessarily. Certain creditors may get nothing.
Discharge of Debts under Chapter 13
The discharge of debts is just one of the tools of Chapter 13 for achieving your financial goals. It works differently than in Chapter 7.
Permanently Discharge Debts in Bankruptcy
The main goal of bankruptcy is often to write off–“discharge”–your debts. Here’s how it works in Chapter 7 “straight bankruptcy.”
5 Kinds of Special Assets
Here are five ways that bankruptcy can involve assets you used to own, may own in the near future, or you own only a share of.
Property Anticipated from Divorce
One special category of future assets in bankruptcy is property from a divorce–either from a property settlement agreement or court decree.
Rents and Profits in Bankruptcy
Beyond considering whether your assets have net value on the date of filing, do they generate rents, profits, or proceeds afterwards?
Assets Recovered from a Fraudulent Transfer
Which assets that you sell or give away before filing bankruptcy will be a problem, and which won’t?
Special Rules for Assets Recently Sold or Given Away
Your assets can include property and possessions that you have sold or given away before filing bankruptcy.