Chapter 13 Bankruptcy: How Much Do You Pay?

How Much Do You Pay Creditors in Chapter 13? A Chapter 13 bankruptcy is a chance to reorganize your debts without having to liquidate your assets. The monthly payment set up in a Chapter 13 bankruptcy depends on what kinds of debt you owe and how much of that debt you can afford to repay. David Offen has spent over 20 years practicing bankruptcy law in Philadelphia. He has helped more than 10,000 clients through the bankruptcy process. Call (215) 625-9600 to schedule a consultation. There Are Three Types of Debt Under Chapter 13 When a bankruptcy court and its appointed trustee review your filing, they will identify priority, secured, and unsecured debts. Let’s take a look at what these terms mean:   Priority Debts: These debts cannot be discharged. They must be paid in full through the bankruptcy process. Unpaid taxes, child support, and certain fines are all priority debts that can not typically be discharged through bankruptcy.   Secured Debts: These are…

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