Who gets denied Chapter 13 bankruptcy?

It’s typically those won’t don’t make their payments, don’t qualify, or don’t show up to their hearings (like the 341(a) hearing - also known as the First Meeting of Creditors), or those who may have filed more than one case before. The reason for this is that even if it is known that the debtor has a regular income, they are only allowed to file again in three years. A Chapter 13 bankruptcy proceeding is a form of debt consolidation and reorganization wherein the debtor repays their debts over time to the trustee, instead of the creditors themselves. This prevents a lot of the legal procedures that come with foreclosure and garnishment, as well as the constant stress associated with those procedures. This can be especially helpful for those who qualify because a lot of things are taken out of the hands of creditors when it comes to Chapter 13 proceedings; however, if someone has filed more than one before, then they do not get to proceed with such proceedings. I hope this has been helpful, if you have additional questions or concerns about Chapter 13 in Utah, call this law firm for a free consultation:

Ascent Law LLC

8833 S Redwood Rd Ste C

West Jordan UT 84088

(801) 676-5506

https://g.page/AscentLaw

https://www.ascentlawfirm.com/chapter-13-bankruptcy-eligibility/



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