- Child SupportIn addition to the petition, the debtor must also file schedules, a proposed plan, and other documents. All of these filings must be done in a timely fashion unless additional time is granted by the Court. The proposed plan sets forth how the debtor wishes to treat the different classes of claims and specific creditors. Those classes include priority claims (e.g. taxes or child support), secured claims (e.g. mortgage or automobile loan), and general unsecured creditors (e.g. credit card lenders). In order to proceed with the bankruptcy case, the proposed plan must be confirmed by the Court.
- BankruptcyA chapter 13 bankruptcy is one form of bankruptcy available to individuals. Cases can be filed by one person or jointly with a spouse. The purpose for choosing to file a chapter 13 bankruptcy depends upon several factors. Those factors may include, among other things, the debtor’s income, the amount of debt owed, and the property which the debtor intends to keep through the bankruptcy. Regardless of why a chapter 13 bankruptcy is chosen, its function and purpose are the same.