The Chapter 13 Repayment Plan

In Chapter 13 bankruptcy, you must pay creditors according to priority status. Learn which debts receive full payment in a Chapter 13 bankruptcy plan and which can be paid less than what's owed.

In Chapter 13 Bankruptcy, your repayment plan must be confirmed before it is permanent. Here's how the confirmation hearing works.

Payments on retirement account loans are allowable expenses in Chapter 13 bankruptcy.

In order to be confirmed (approved) by the court, your Chapter 13 repayment plan must represent your "best effort" at paying back your nonpriority unsecured creditors.

Offers essential insights into managing and repaying unsecured debts under Chapter 13 bankruptcy, ensuring individuals understand their rights and obligations.

Find out how long Chapter 13 lasts, including how many years you'll pay in a Chapter 13 bankruptcy, and how to determine Chapter 13 length. Chapter 13 requires filers to propose and stick with a repayment plan that repays some creditors in full and others in part for three to five years.

If you receive an inheritance or cash gift while in Chapter 13 bankruptcy you may be required to amend your repayment plan and increase what you pay to unsecured creditors.

Learn when you can pay off Chapter 13 early and how much it will cost. It will likely be far more than you'd hoped. Find out how Chapter 13 bankruptcy works and your options for getting out of Chapter 13 early, including qualifying for a hardship discharge, paying everything you owe, or dismissing the case.

Learn what you can do if you can’t make your Chapter 13 plan payments, including how to suspend your payments briefly, when you can reduce the amount you pay each month, what to expect when converting a Chapter 13 case to Chapter 7 bankruptcy, and more

If you can't complete your Chapter 13 repayment plan, you can file a motion with the bankruptcy court asking for a hardship discharge.  Find out how to qualify for a Chapter 13 hardship discharge and erase debts without making all Chapter 13 plan payments.

In cases where you can no longer maintain your Chapter 13 bankruptcy plan payments, your case can be converted to a Chapter 7 and your debts discharged.

All is not lost if you can no longer afford your Chapter 13 plan payments. Learn your options when your Chapter 13 payments are too high, including modifying your Chapter 13 plan payment. Also, even though you must usually remain in a Chapter 13 bankruptcy plan for at least three to five years before receiving a discharge, you might qualify for a hardship discharge. Another option would be to convert from Chapter 13 to Chapter 7 bankruptcy.

In Chapter 13 bankruptcy, you make regular payments to a trustee, who then disburses the funds to your creditors.

Whether you can make 401(k) or other voluntary retirement contributions during Chapter 13 bankruptcy depends on your bankruptcy court and your individual situation.

Instead of filing for Chapter 7 bankruptcy, save your home and car—and wipe out other bills—by filing a Chapter 13 zero percent plan.

This comprehensive guide explains the Chapter 13 process, from start to finish.

Is bankruptcy the right solution for your overwhelming debts? Pick the best strategies for your situation with the information and practical suggestions in this book by best-selling author Stephen Elias.