Chapter 13 payment plan

Your chapter 13 payment plan is a plan proposed to the court, your creditors and the chapter 13 trustee to repay all or part of your debts over time. When understanding the chapter 13 payment plan, it is important to note that the plan has many requirements.

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Chapter 13 Bankruptcy Debt Limit

A Chapter 13 Bankruptcy is a useful tool to pay back mortgage and vehicle arrears, strip liens, cramdown a vehicle and pay back a percentage of your debts. It allows you to have a 3-5 year payment to pay back secured debts and often results in paying a small percentage of unsecured debts.

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