The Morrison Law Group strives to achieve complete client satisfaction with the services we provide over the course of a bankruptcy case, as well as the ongoing services that we provide post-bankruptcy. Not all Utah Bankruptcy attorneys can make this statement, but the Morrison Law Group is not like other Utah bankruptcy law firms. Potential clients considering a Chapter 13 bankruptcy case filing typically ask how long their Chapter 13 case will take. Basically, a Chapter 13 case lasts from three to five years.
A chapter 13 bankruptcy is often called a reorganization in its simplest terms. It is also called a wage earner’s plan since it enables individuals with regular income to develop a plan to repay all or part of their debts over three to five years. Creditors are prohibited from starting or continuing collection efforts during this three to five year period.
If a debtor’s current monthly income is less than the Utah median, the debtor must propose a three-year plan unless the court approves a longer period “for cause.” If the debtor’s current monthly income is greater than the applicable Utah state median, the debtor must propose a five-year plan. In no case may a plan provide for payments over a period longer than five years.
Chapter 13 bankruptcy allows debtors to reorganize their debts, cure delinquent mortgage or auto loan payments, and pay nondischargeable priority obligations in full through a repayment plan. While this repayment plan is limited to a three to five year period, the length of a Chapter 13 plan depends on income, and the amount of time needed to repay the debts included in a Chapter 13 plan.
Why should you consider the Morrison Law Group? We are passionate about helping people. The team of attorneys and staff at the Morrison Law Group cares about its clients. We strive for complete client satisfaction. Call 801.456.9933 today to schedule a FREE consultation. We have locations in Ogden, Logan, Sandy, and St. George to serve the residents of the counties of Weber, Cache, Salt Lake, Utah, Morgan, Davis, Washington, and surrounding areas.