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The 1 percent figure is amazing; I had heard a judge a few years back say
that only a third of chapter 13 plans are completed. Now I read that less
than 1 percent of confirmed plans are completed. This changes my world view
greatly.
Where does the 1 percent figure come from?
John D. Faucher
Hurlbett & Faucher
5743 Corsa Ave., Suite 208
Westlake Village, CA 91362
(818) 889-8080
Fax: (805) 367-4154
http://www.hurlbettfaucher.com/
3324 State Street, Suite O
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(805) 963-9111
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On 4/13/11 10:52 AM, "James T. King" wrote:
>
>
>
>
>
> The number is still accurate for confirmed cases in the Central District. It
> does not take into account pro pers that never get a case confirmed or debtors
> who dont appear at the 341. That is why I said CONFIRMED CASES.
>
>
> Steven B. Lever
> Sent: Wednesday, April 13, 2011 10:32 AM
> To:
cdcbaa@yahoogroups.com
> Subject: RE: [cdcbaa] Chapter 13 Statistics?
>
>
>
> I think the 1% figure is highly misleading for legitimate cases with good
> representation because there are so many garbage cases filed that dont even
> have the debtor appear at the 341A hearing, plus lots of pro se debtors who
> are incompetent to represent themselves despite having valid intentions that
> horribly distort the statistics. I believe a stable, employed debtor has an
> 80 to 90% chance of obtaining a discharge in normal economic conditions. We
> are presently not in such economic conditions as income stability has been
> undermined by the recession, but I still give the legitimate case with good
> representation a better than 50/50 chance.
>
>
Of
> Giovanni Orantes
> Sent: Wednesday, April 13, 2011 10:17 AM
> To:
cdcbaa@yahoogroups.com
> Subject: Re: [cdcbaa] Chapter 13 Statistics?
>
>
>
> That wouldn't be surprising. However, I think that percentage will improve in
> light of the Ch. 13 plans stripping second liens, which require the plan to be
> confirmed and/or discharge to be received - people have greater incentive at
> this time.
>
> On Wed, Apr 13, 2011 at 10:14 AM, Sujin Kim wrote:
>
>
>
> Does anyone know what percentage of Chapter 13 filers receive a discharge?
> For some reason, I remember reading that the national average was only 15%.
> Is this accurate?
>
> Sujin Kim
> Attorney
> Hope Law Group
> 601 S. Figueroa St., Suite 4025
> Los Angeles, CA 90017
> Tel: (213) 255-5753
> Fax: (213) 596-3824
>
>
>
>
> --
> Giovanni Orantes, Esq.
> Orantes Law Firm, P.C.
> 3435 Wilshire Blvd. Suite 1980
> Los Angeles, CA 90010
> Tel: (213) 389-4362
> Fax: (877) 789-5776
> e-mail:
go@gobklaw.com
> website:
www.gobklaw.com
>
>
>
>
>
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The 1 percent figure is amazing; I had heard a judge a few years back say that only a third of chapter 13 plans are completed. Now I read that less than 1 percent of confirmed plans are completed. This changes my world view greatly. Where does the 1 percent figure come from? John D. FaucherHurlbett & Faucher
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