How does the Chapter 13 trustee’s expectations for your repayment plan differ from what you and your lawyer want?

The Chapter 13 serves as the administrator for your Chapter 13 plan. You pay funds, via payroll deduction, into your plan and the trustee sends out checks to your creditors. The trustee also reviews your Chapter 13 schedules and objects if something is unclear or otherwise unacceptable.

As I discuss in this video, 25 years ago, a Chapter 13 trustee might file three or four objections; today, they will file twentyfive or thirty.

You should assume that the Chapter 13 trustee assigned to your case believes that you have the ability to pay more than you are proposing and that you have the ability to pay 100% of the claims of your creditors.

Most of the time the original repayment plan that you file will need to be amended and you will end up paying more.

An experienced Chapter 13 attorney can anticipate likely trustee objections and negotiate with the trustee on your behalf to reach agreement on a payment plan that you can actually afford. #chapter13bankruptcy #chapter13trustee #atlantabankruptcy
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