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The Chapter 13 Repayment Plan
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The repayment plan is the centerpiece of a Chapter 13 bankruptcy. Through the plan, the debtor repays some debts in full and others in full or part, depending on a few factors. Because the debtor receives the protection of the bankruptcy court during the repayment period, the plan can alleviate the stress and burden of overwhelming debt and monthly obligations.
It is, however, a long-term commitment and requires that the debtor stick to a strict budget. Upon completion of the plan, most remaining debts are discharged.
Learn About the Chapter 13 Payment Plan
In this section you can find information on how the plan works, how the monthly payment amount (and consequently the amount of debt that must be repaid) is calculated, and more.
Introduction to the Plan
Understand what the Chapter 13 repayment plan is and how it works.
Basics of the Chapter 13 Payment Plan
The Chapter 13 bankruptcy repayment plan is the crux of a Chapter 13 bankruptcy. You must devise a repayment plan that you can afford for the repayment period, and that the court will approve.
The Chapter 13 bankruptcy repayment plan is the crux of a Chapter 13 bankruptcy. You must devise a repayment plan that you can afford for the repayment period, and that the court will approve.
Calculating the Plan Payments
Learn how plan payments are calculated, how your income and debts affect payment amounts, and what your monthly payment might be.
How to Calculate Your Chapter 13 Monthly Payment
Through the repayment plan, which lasts either three or five years, you pay a set amount to the bankruptcy trustee each month. Here's how it's calculated.
Through the repayment plan, which lasts either three or five years, you pay a set amount to the bankruptcy trustee each month. Here's how it's calculated.
Your Disposable Income and It's Effect on Your Plan Payment Amount
Determining your "disposable income" for your repayment plan can be tricky, and the calculation is different depending on whether your income is more or less than the median in your state. Here are the rules.
Determining your "disposable income" for your repayment plan can be tricky, and the calculation is different depending on whether your income is more or less than the median in your state. Here are the rules.
Find out what role Social Security income plays in your plan payment.
Debts Paid Through the Plan
Learn how your debts are repaid through the plan.
Debts You Must Pay in Chapter 13 Bankruptcy
Learn what debts you must pay in full over the course of your Chapter 13 bankruptcy plan and then calculate whether you have enough income to do this.
Learn what debts you must pay in full over the course of your Chapter 13 bankruptcy plan and then calculate whether you have enough income to do this.
Bankruptcy Discharge: Which Debts Are Wiped Out?
This article explains the bankruptcy discharge, including the timing, scope, objections to discharge, revocation, and the discharge after a Chapter 13 plan is completed.
This article explains the bankruptcy discharge, including the timing, scope, objections to discharge, revocation, and the discharge after a Chapter 13 plan is completed.
The Marital Adjustment Deduction
If you are filing without your spouse, learn about including your spouses' income and expenses on your means test.
In Chapter 13 bankruptcy, the marital adjustment deduction can help you reduce the amount you pay back to unsecured creditors.
When Things Go Wrong
Learn about your options if you have trouble making your Chapter 13 plan payments.
Learn about your options if you have a temporary or permanent problem making payments.
If your Chapter 13 case is dismissed, you can always refile. Learn the details.
If you can't make your plan payments because your financial situation changed, you might be able to get a hardship discharge.
If you lose your job during your Chapter 13 Repayment period, you have some options. Learn about them here.
Do-It-Yourself Help
If you're considering filing for Chapter 13 bankruptcy, you'll need detailed information on how it works, how to propose a repayment plan, and how to minimize your payments and debts owed. This book can help.
Chapter 13 Bankruptcy
Use the plain-English information in Nolo's Chapter 13 Bankruptcy to help you use your income to repay debts over time and keep your property from going to your creditors.
Use the plain-English information in Nolo's Chapter 13 Bankruptcy to help you use your income to repay debts over time and keep your property from going to your creditors.
Get Legal Advice
Chapter 13 bankruptcy is more complicated than Chapter 7 bankruptcy. It's often wise to talk to a local bankruptcy attorney.
Talk to a Local Bankruptcy Lawyer
Use this simple form to get connected with local bankruptcy lawyers for legal advice and representation.
Use this simple form to get connected with local bankruptcy lawyers for legal advice and representation.
Questions & Answers
Here are some common questions about the Chapter 13 payment plan, with answers explaining the legal issues.
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