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What is a Chapter 13 Plan?
Submitted by the Bond & Botes Law Offices - Friday, October 4, 2013
The chapter 13 plan is a document prepared by your attorney and filed with the court that outlines how you will repay your debts over the life of your plan. In other words, it is a repayment plan. The chapter 13 plan directs the trustee on how your chapter 13 payments are to be disbursed to the creditors each month and how long you will be in the plan. A chapter 13 plan may look different from one district to another but the essential premise of the document is the same.
Do I Have To Pay All of My Debts In Full in a Chapter 13 Personal Reorganization?
Submitted by the Bond & Botes Law Offices - Friday, May 3, 2013
The answer is usually no. The amount that each debt is paid is determined on a case by case basis and in some circumstances, certain debts are not paid back at all. Instead, these debts are discharged upon completion of the case. There are many different factors that go into determining what debts must be paid. Let’s go over a few.
