Chapter 13 bankruptcy
In a friendly tone: A dismissal, or an absolute discharge, is the end result of a Chapter 13 bankruptcy. In order to receive this outcome, you must meet certain requirements and goals during your bankruptcy, including:
-Filing all of your documents on time
-Completing the means test
-Completing all credit counseling
When you successfully meet these requirements and goals, your bankruptcy petition will be dismissed and you will receive an absolute discharge. The difference between a dismissal and a discharge is that a dismissal does not require you to reimburse your creditors—you are simply excused from repaying your debts under the terms of Chapter 13. When you receive a discharge, on the other hand, you will likely be required to pay back at least some of your creditors, because it takes more to qualify for a discharge than it does to get a dismissal.
-Meeting with the trustee regularly (in person or by phone)
-Compiling and filing all monthly financial statements in a timely manner
Repayment
Most people who file for Chapter 13 bankruptcy will be in a repayment plan for three to five years. They’re required to make monthly payments to a trustee, which are based on their income, and once they’ve paid off all of their debts, the trustee will write a report that the court uses to determine if the case was successful. Even if you live within your means and can pay your debts in full after the three-to-five-year period, it’s possible that you may still need to file for Chapter 13 bankruptcy. A Chapter 13 bankruptcy is one way to discharge your debts, but it’s more complicated than simply declaring yourself debt-free.
If you have any questions, you can get a free consultation with the Best Attorneys in Utah.
Ascent Law LLC:
8833 South Redwood RoadSuite C
West Jordan, UT 84088
(801) 676-5506
https://g.page/ascentlaw?share
https://www.ascentlawfirm.com/bankruptcy-lawyer/
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When you need a Bankruptcy Lawyer, contact this law firm:
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 676-5506
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Monroe, Utah
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Monroe
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Welcome sign at the northern entrance to Monroe
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Seal
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| Nickname:
The Little Green Valley
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Location in Sevier County and the state of Utah.
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| Coordinates: 38°37′46″N 112°7′13″WCoordinates: 38°37′46″N 112°7′13″W | |
| Country | United States |
| State | Utah |
| County | Sevier |
| Settled | 1864 |
| Incorporated | 1920 |
| Named for | James Monroe |
| Area | |
| • Total | 3.57 sq mi (9.25 km2) |
| • Land | 3.57 sq mi (9.25 km2) |
| • Water | 0.00 sq mi (0.00 km2) |
| Elevation
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5,394 ft (1,644 m) |
| Population
(2010)
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| • Total | 2,256 |
| • Estimate
(2019)[2]
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2,358 |
| • Density | 660.32/sq mi (254.97/km2) |
| Time zone | UTC-7 (Mountain (MST)) |
| • Summer (DST) | UTC-6 (MDT) |
| ZIP code |
84754
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| Area code | 435 |
| FIPS code | 49-51360[3] |
| GNIS feature ID | 1443556[4] |
| Website | www |
Monroe is a city in Sevier County, Utah, United States. The population was 2,256 at the 2010 United States Census.
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What's the difference between a dismissal and a discharge when it comes to a Chapter 13 bankruptcy?https://t.co/ylCKdsFoMY pic.twitter.com/106bazWUYW
— Jan Meriss Alfonso (@MerissJan) November 19, 2022
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