The most important aspect of any Chapter 13 filing is the repayment plan. The parameters of this plan will determine the extent of your debt relief success. Due to the complexity of the plan and its significance to you, your family, and your future, it is crucial that you have crafted an arrangement that is both aggressive enough to ensure that you get out of debt on time and realistic enough to allow you to make the payments regularly.
Due to the importance of the repayment document, it is essential that you have confidence in its reliability. Therefore, it may be highly advantageous to consult with a qualified, experienced bankruptcy attorney.
Keeping this in mind, the following tips may help you and your family get out of debt quickly and with minimal difficulty:
· Set realistic objectives. Failure to make payments can have severe consequences and should be avoided at all costs. You may initially believe that a very aggressive repayment plan will help you get out of debt quicker, but if you can't stick to it, it won't help you at all.
· But be responsible. Do not undervalue your proposal to the point where the courts will not approve it. It is essential to draft a plan that will allow you to repay your debts within a reasonable timeframe.
Discuss your matter with an attorney. An experienced bankruptcy attorney can assist you in ensuring that your requirements are met and that your repayment plan is accepted by the courts.""
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