A debtor filing for either Chapter 7 or Chapter 13 must file documents with the court, referred to as “schedules,” of their assets and liabilities, current income and expenditures, and any contracts or unexpired leases to which the debtor is a party. In Chapter 13, the debtor must also file a plan, which is the debtor’s proposal on how to deal with their debt. Typically, the plan will propose to either keep a house (while outlining a proposal for how to pay the monthly mortgage payments along with any arrearage that exists) or to surrender the house, as well as whether to keep or surrender vehicles. Finally, the plan will set forth a proposal on how and how much to pay towards unsecured debt. Almost all plans propose a payment period of three to five years and at no interest for unsecured creditors. After the documents have been filed and the filing fee has been paid, the bankruptcy court will schedule a meeting of the debtor’s creditors, called the Section 341 Meeting of Creditors. The meeting is an opportunity for the Chapter 13 Trustee (a person appointed by the court to oversee your case) and creditors to ask you questions about your property and finances. The hearing for determining whether your plan will be confirmed is called the Confirmation Hearing. It will be scheduled to take place about two months after the Creditors’ Meeting. If you have made timely payments under the plan and if there are no objections, the court will approve the plan. (If there are objections, there will be plenty of opportunity to resolve those objections with either the Chapter 13 Trustee or the creditors). If your plan is confirmed, your creditors are obligated to abide by and honor the provisions of the plan—even if they disagreed with it.