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  • March 23, 2021
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Your Arrange doesn’t need to cover all unsecured claims in full as long as it fulfills certain appropriate demands.

Your Arrange doesn't need to cover all unsecured claims in full as long as it fulfills certain appropriate demands. The length of the payment plan, to create the “applicable commitment period,” depends upon the debtor’s present monthly earnings. The commitment that is applicable ranges from thirty-six months to sixty months (3-5 years). The debtor must start making plan payments to the trustee within 30 days after filing the bankruptcy case, even if the plan has not yet been approved by the court. GETTING THE PROPOSED ARRANGE APPROVED The bankruptcy judge must hold a hearing and decide whether or not to...
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