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 rcatc
Joined: 01 Nov 2009
Posts: 4
2.14 Dollars($)
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 Posted: Sun Nov 01, 2009 10:33 pm Post subject: CH:13 HOW MUCH DO I PAY BACK |
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| If I filed Chapter 13 with approx. 45k of unsecured debt What % of this amount would I be required to pay. I'm sure if varies but is there an average? If I made a large purchase more than 90 days ago can I still file CH:13 or can this jeopardize my claim. |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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| Posted: Mon Nov 02, 2009 2:56 am Post subject: |
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As far as I know, the unsecured debts are discharged when you file Chapter 13 bankruptcy. In case of your secured debts, you will have to go for a payment plan with the lender. In regards to your second question, it would be a better idea to contact an attorney and take his opinion in this regard.
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Good is the Enemy of Great. |
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raymond
Community Experts
Joined: 03 Jul 2009
Posts: 315
Location: Irvine, CA
60.39 Dollars($)
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| Posted: Mon Nov 02, 2009 2:12 pm Post subject: |
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>>45k of unsecured debt What % of this amount would I be required to pay
You never know - it's different for everybody. The guideline says the creditor will never receive less then they'd receive if the debtor filed chapter 7, and that's zero. But if going on a 3 year plan means you're only able to pay your creditors 10 cents on the dollar, chances are you'll be moved out to a 5 year plan, so the creditors can receive more. It's all up to the Trustee.
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Raymond
www.ReverseMortgageCalculator.org |
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