Southern California Bankruptcy Law Blog

Monthly Archives: September 2012

In re Flores: An Important Recent Chapter 13 Bankruptcy Case

Posted in Chapter 13

How long must a Chapter 13 repayment plan last? I.          The Statutory Authority Section 1325(b)(4) of the Bankruptcy Code makes reference to the “applicable commitment period”: [T]he “applicable commitment period”— (A) subject to subparagraph (B), shall be— (i) 3 years; or (ii) not less than 5 years, if the current monthly income of the debtor… Continue Reading