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What happens after the payment plan is approved?

What happens after the payment plan is approved?

: Richard West Law Office

Once the Chapter 13 payment plan is approved, all the creditors listed in the bankruptcy petition are bound by this plan. If they failed to object to the plan early in the filing process, they lose the opportunity to object to the plan later. Thus, you can be certain that if you complete your plan all the creditors listed in the plan will be forever barred from later attempting to collect their debts from you later.

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