After you and your legal representative have filed your payment plan, either the court trustee or any of your creditors may file an objection to your plan.  These objections will be heard at the 341 Meeting of Creditors.  This meeting will also be an opportunity for the trustee to ask any questions they may have about your plan.

In some bankruptcy court districts, the trustees have developed a checklist of questions that the debtor will be required to sign as part of the court record.  The debtor should bring two forms of ID to the 341 meeting – one photo ID and one identification card including Social Security number.

Once the payment plan is approved by the court, creditors are prohibited from collecting their debts independently while the plan is effective.

The plan will specify that payments be withdrawn from the paycheck of the debtor.  These payments will then be turned over to the trustee, who will administer the payments as specified in the plan.

Chapter 13 bankruptcy in Atlanta, Georgia is a viable option for individuals who are facing mortgage foreclosure or car repossession.  This type of bankruptcy enables someone who may have simply fallen behind on payments the opportunity to catch up and begin to rebuild their financial future.