It is important to have an attorney who is familiar with and routinely handles Chapter 13 bankruptcy cases in the jurisdiction in which you live.
While the federal courts have exclusive jurisdiction over bankruptcy cases, there are local rules in every jurisdiction. Meyer, who changed the local practice in Modesto, Calif. In some districts and divisions this means as little as a one cent on the dollar payback. Devising and implementing methods of dealing with secured creditors. Section 507 sets forth 10 categories of unsecured claims which Congress has, for public policy reasons, given priority of distribution over other unsecured claims. When it comes to open enrollment, don't be like me. Examining the liens or security interests of secured creditors to ascertain their validity or avoidability, and taking the legal steps necessary to protect the filed interest in such matters. Attending the meeting of creditors, the confirmation hearing, and any other court hearings required in the case. In others it may be as much as twenty cents on the dollar.
Only those portions of regular income that are not necessary to pay living expenses are used to pay claims. Checking the claims filed in the case, filing objections to improper claims, and attending court hearings thereon. It is the creditor's duty to file a claim in the case.