Confirmation of a Chapter 13 is Vital for a Successful Reorganization
Chapter 13 is considered to be the bankruptcy case of choice for most people trying to save their homes from foreclosure. Confirmation of a Chapter 13 Plan is a critical milestone for having a successful Chapter 13 bankruptcy case.
How Confirmation Occurs
Confirmation occurs if the court issues an Order approving the debtor's proposed reorganization. This happens at a court hearing if the court finds that the Plan meets all of the necessary legal requirements. Failure to obtain confirmation approval normally results in the dismissal of the case, or conversion to a liquidation of assets under Chapter 7. The failure to obtain a confirmed Chapter 13 Plan often results in foreclosure of the debtor's property.
Without a Lawyer You Have Less Than a 1% Chance of Plan Approval
The United States Bankruptcy Court, Central District of California has issued a dire warning to everyone who files Chapter 13 without a lawyer.
If you file without a lawyer, your chances of gaining successful approval of your Chapter 13 bankruptcy plan in the district are less than 1%, (even if you use self-help services from a bankruptcy petition preparer).
The United States Bankruptcy Court, Central District of California is vast and covers the areas of Los Angeles, Riverside, San Bernardino, Orange, Ventura, and Santa Barbara counties.