- 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.