Understanding the steps involved with filing a Chapter 13 Bankruptcy can help alleviate some of the anxiety associated with filing. Please keep in mind that the chart below may not fully pertain to your individual situation. Please don't hesitate to contact us for a free initial consultation where we can provide you with a more thorough look as to what to expect during this process based on your own personal circumstances.

	Chapter 13 Bankruptcy Process Overview
Before Filing...	Prior to filing you must complete some basic credit counseling.
Day 1	Papers are filed to start the bankruptcy. Your papers must disclose all personal property and real estate you own, debts, and financial transactions for the past several years. You must also show you have filed your tax returns for the last four consecutive years.
Day 16	A repayment plan showing how you intend to distribute your income among your creditors must be submitted within 15 days from the date you first filed your papers for bankruptcy.
Day 31	Your first plan payment must be made. Your Trustee will be responsible for receiving the payment and distributing it among your creditors in accordance to your proposed repayment plan.
Day 46	You will be required to attend a creditors' meeting in which the trustee will review your repayment plan and propose changes to the plan if necessary. Your Creditors may have a representative at this meeting to object to certain areas of your plan. Repayment plans usually aren't approved the first time through.
Day 76	A confirmation hearing will be held in which the judge will rule as to whether your repayment plan is feasible and meets the standards for confirmation set forth in the Bankruptcy Code.
Day 106	Often times repayment plans are rejected. In which case the repayment plan will need to be modified and a second confirmation hearing will be held around 30 days after the previous hearing.

Foreclosure Lawyer

Chapter 13 Timeline of Events

A Typical Chapter 13 Timeline