The length of your payment to the Chapter 13 Trustee will vary depending on whether your income is above or below the median income. If you income is above the median income then, your payments with be for 60 months which is the maximum term of a chapter 13 bankruptcy. If you are below the median income, your payment will be for a minimum of 36 months, up to 60 months.
Generally, the Trustee and creditors will object to your chapter 13 plan for a variety of reasons. Perhaps the payment is not sufficient to pay your priority tax claims, mortgages arrears or minimum amounts to unsecured creditors. I work to resolve these issues on your behalf so that the chapter 13 plan can be confirmed by the Bankruptcy Court Judge.
Once your plan is confirmed, you will continue to send your payment to the Trustee for the duration of the Plan. At the end of the plan payments, the Chapter 13 Trustee will send you a letter and form to fill out called Chapter 13 Certification to Obtain Discharge. You must fill this out and sent it back to me for filing with the Bankruptcy Court.
Sometimes people want to specifically hire a Denver Bankruptcy Attorney or an Aurora Bankruptcy Attorney. I generally represent bankruptcy clients who live throughout the entire Denver Metro area which is why I have offices in Southeast Denver, Parker and downtown Denver.
Please call our office to set up a consultation, so we can determine the right course of action for you.