Your Debts in Chapter 13 Bankruptcy

Related Ads

Need Professional Help? Talk to a Lawyer

Enter Your Zip Code to Connect with a Lawyer Serving Your Area

searchbox small

Here's how Chapter 13 bankruptcy generall works: You keep your property and repay some or all of your debts through a repayment plan which lasts for three or five years. How much you pay on a given debt depends on a number of factors. Secured debts are treated differently than unsecured debts. Usually, you pay only a portion of your unsecured debts through your plan -- the remainder is dischaged at the end of your bankruptcy. Bankruptcy law also assigns priority to some debts, so that you must pay them first and in full.

LA-NOLO2:DRU.1.6.1.20140626.27175