How long will this all take?

  • The payment plan (Chapter 13 plan) is typically to be submitted within 15 days of filing the petition.
  • Typically the first payment made in the plan, is made 30 days after the plan is submitted (regardless of whether the plan is approved).
  • Usually between 20 and 40 days after you file your petition, the trustee will hold the “first meeting of creditors” (also called a “341” meeting ).You must be present for that meeting.
  • A confirmation hearing will typically be held 20-45 days after the meeting of the creditors.
  • Then, as previously mentioned, the Chapter 13 plan will have a life span of between 3 to 5 years.

Leave a Reply

Your email address will not be published.