When a chapter 13 debtor owns rental properties, the attorney needs to exercise special care when preparing schedules to avoid complications that can affect confirmation, such as liquidation, disposable income, and feasibility. Here are some practice tips.
If a confirmed plan provides that the debtors will cure arrearages through the plan and maintain ongoing payments on a mortgage or long-term car loan, and the debtors complete plan payments and get a discharge, those section 1322(b)(5) debts are not discharged. What happens if after confirmation the debtors change their mind – is the claim still excepted from discharge?
What can attorneys do to identify and prevent recurring errors that result in court orders, ECF deficiency notices, and show cause orders? Find out if your office is a frequent offender, and take steps to improve compliance.
Here is some practical information for debtors’ attorneys from the session on chapter 13 tax issues at the 2016 NACTT seminar.
It’s important for bankruptcy practitioners to know about the Consumer Financial Protection Bureau (CFPB) and educate their clients (whether consumers or creditors). Here are a few tips we learned about the CFPB at the 2016 NACTT Conference.