Filing Bankruptcy in Virginia Chap 13 step plan

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Q. The form provided by the bankruptcy court doesn't provide for showing a planned increase in payments over the life of the plan. How does one do this and how can it be summarized? In filing a summary plan does one compute the average of payments over the life of the plan, then when the actual plan is filed, lay out detail year-by-year? I know that this is a question for my bankruptcy attorney but don't have one.

A. I've taken over a number of cases where a debtor prepared and filed the various bankruptcy documents without the help of an attorney. Apart from the fact that the schedules generally have to be completely redone (the exemptions are usually wrong, debts are not listed, assets are not listed or are listed or valued incorrectly, the Statement of Financial Affairs is incorrect, and the budget is generally wrong), a number of these people lost their homes as a result of not being advised about what was required, how the process worked, how to value assets, how to deal with various types of debts, etc.--something an attorney is required to do. Others ran into severe problems at the Meeting of Creditors, where they have no one to turn to for preparation or advice, Generally, pro se debtors don't know what the Trustee is looking for, or how to properly deal with the Trustee's questions and concerns. One ended up being charged with bankruptcy fraud--all because she didn't understand the effects of what the information put in their schedules meant. Bankruptcy is a very tricky area of the law (even to attorneys who don't regularly practice it). Interestingly enough for a federal system, it is very state and locality specific. What will work in California, for example, probably won't fly here in Maryland.

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