St. Louis Chapter 13 Plan
For example, if you have fallen behind on your mortgage payments, and you wish to catch up on those payments, the Chapter 13 plan will detail how much is owed, to whom payments are to be made, over what length of time, and the appropriate interest rate at which those payments are to be calculated. The Trustee uses this information when monthly payouts are made on your case.
Of course, it is very important that this plan pays out an appropriate amount to your creditors. Mistakes are commonly made (even by seasoned attorneys), and situations can arise wherein a plan calls for a payout of too much or too little. When such a situation arises, the attorney will have to amend the plan after recalculating the proper amount.
The St. Louis bankruptcy lawyers at The Law Office of Jennifer Alter-Rieken have filed hundreds of St. Louis Chapter 13 plans over the years. Our attorneys have the necessary skill and knowledge to prepare your case correctly, and help guide you towards a better financial future.