topic Re: bankruptcy question about unsecured debt in Bankruptcy

bankruptcy question about unsecured debt

Anonymous — Fri, 19 Jan 2018 04:14:41 GMT

I am not sure if this is a stupid question or not but how much unsecured debt has anyone paid in their ch 13.
I just dont want to be careless and not pay anything of what I have used but how much if any have people paid. I am considering filing and would like to know what to look forward to. it is very little in this forum on ch 13 bankruptcy. I feel this could be improved greatly. If I file I gurantee I will share my process and experiences in great detail for people in the future.

Re: bankruptcy question about unsecured debt

Anonymous — Fri, 19 Jan 2018 16:27:39 GMT

The amount you repay will be calculated, in part, by your means test. The amount could be a small percentage or 100%. If you haven't already, make sure you speak with more than one attorney, and really evaluate if you qualify for a Chapter 7 bankruptcy.

As far as a lack of CH13 information, I'd suggest using the search feature for specific topics -- I've noted a few CH13 posts lately. There is also at least one other bankruptcy forum (not on myFICO forums) that has detailed posts about Chapter 13 filers.

Re: bankruptcy question about unsecured debt

Anonymous — Sat, 20 Jan 2018 01:49:47 GMT

Thanks I've been checking Google but I keep getting advertisement sites but thanks. This forum is so awesome. I have learned soooooo. Much

Re: bankruptcy question about unsecured debt

Lemondrops63 — Fri, 26 Jan 2018 00:57:30 GMT

Credit- Addict

By law your atty tell you that you will pay as much as you would've on chapter 7 which means 0. But it all depends on each person financials. I hope this helps and good luck

Re: bankruptcy question about unsecured debt

ptkdude — Fri, 26 Jan 2018 03:04:45 GMT

I filed Ch. 13 back in August, and my payment plan is 100% of unsecured debt (I had no secured debt). I pay my student loans outside the plan, but all other debt is paid via the trustee. I did have 3 creditors fail to file proofs of claim, so they do not get paid at all. Once all the creditors who DID file a proof of claim are paid 100% of their claim amount, the debt owed to those 3 mentioned above, about $8.500, gets discharged. It should take a little more than 4 years to complete payments.

I totally understand your concern about the difficulty in finding information on chapter 13; it can be hard to find on here! You just have to dig. Also, use your attorney as a resource! They should know the specific details on how it works in your district.

Best of luck!

Re: bankruptcy question about unsecured debt

tooleman694 — Fri, 26 Jan 2018 05:40:57 GMT

I had to pay 100 percent..