What is the process for filing Chapter 13 Bankruptcy?

Filing Chapter 13 Bankruptcy in Virginia can be a complicated process. To start, you must obtain the appropriate forms from the Virginia Bankruptcy Court. These forms must be completed in full, to include your income and expenses, the total amount of your debts, and a list of all your creditors. You must also provide a copy of your last three paystubs and a certificate of credit counseling from an approved agency. Once the forms are completed and submitted, your case will be assigned to a Bankruptcy Trustee. The Trustee will review your paperwork and determine whether your case is eligible for Chapter 13 Bankruptcy. If it is, the Trustee will set up a repayment plan for you to follow. This repayment plan must be paid in a timely manner, and consists of the amount that you are able to pay each month. The next step is to attend a Meeting of Creditors. During this meeting, you and your creditors will discuss the repayment plan. If the creditors accept it, the Bankruptcy Court will finalize the plan. Finally, to close the Chapter 13 Bankruptcy, you must make all agreed upon payments as specified in the repayment plan. Once this is complete, your bankruptcy discharge will be granted and the Chapter 13 Bankruptcy will be finalized.

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What is the process for filing Chapter 13 Bankruptcy?

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