What is the time limit to complete a Chapter 13 Bankruptcy?

In Virginia, most Chapter 13 bankruptcy cases last for three to five years. The time limit for completing the bankruptcy process is determined by a debtor’s income level and repayment plan. As a general rule, the repayment plan should last for the entirety of the debtor’s repayment plan. If the repayment plan is approved by the court, then the repayment period typically lasts for three to five years, although this period could be extended in some cases. During the repayment period, the debtor must complete all payments according to the plan. If the debtor fails to make the required payments in the allotted time, then the case can be dismissed. The debtor must also complete any required credit counseling courses and attend the court hearings that are scheduled during the repayment period. At the end of the repayment period, the court may dismiss the case, and the debtor’s debts may be discharged. Overall, the time limit to complete a Chapter 13 Bankruptcy in Virginia is typically three to five years. This time frame is subject to change depending on the repayment plan and the debtor’s income level. It is therefore important for debtors to ensure that they complete all payments within the allotted time frame in order to avoid having their case dismissed.

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