Introduction to the Chapter 13 Repayment Plans
Introduction to the Chapter 13 Repayment Plans
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The Chapter 13 Bankruptcy Repayment Plan
You must be able to devise a repayment plan that you can afford for the repayment period (three to five years), and the court must approve the plan.
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How to Modify Your Chapter 13 Repayment Plan
In Chapter 13 bankruptcy, one of the most important documents you file with the court is your proposed repayment plan. Your repayment plan outlines which creditors you intend to repay and how much your monthly plan payments will be. Because most Chapter 13 plans are three to five years long, many things
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What to Do if You Can't Keep Up With Your Chapter 13 Repayment Plan
If you don’t make your payments to the Chapter 13 trustee on time, the court could dismiss your bankruptcy case. So what should you do if you cannot make one or more Chapter 13 plan payments?
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Chapter 13 Bankruptcy Laws: Your Disposable Income
In Chapter 13 bankruptcy, you must devote all of your disposable income to your Chapter 13 repayment plan.
Calculating the Plan Payments
Calculating the Plan Payments
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How to Calculate a Chapter 13 Monthly Payment
In Chapter 13 bankruptcy, you'll pay money to your creditors through a three- to five-year repayment plan—but calculating a plan payment can be complicated. We provide a simple shortcut that gives you a ballpark amount you can expect to pay. For a more accurate answer, start by determining the value of your nonexempt property, your disposable income, the total amount of debt you must pay, and the required plan length.
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Chapter 13 Bankruptcy Laws: Your Disposable Income
In Chapter 13 bankruptcy, you must devote all of your disposable income to your Chapter 13 repayment plan.
Debts Paid Through the Plan
Debts Paid Through the Plan
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Can I Choose Which Creditors Get Paid First in My Chapter 13 Plan?
If you file for Chapter 13 bankruptcy, you will repay creditors, in part or in full, through your Chapter 13 plan over three to five years. You cannot decide the order in which your creditors are paid. Instead, bankruptcy law sets forth the order that your bankruptcy trustee must pay your debts. Usually
The Marital Adjustment Deduction
The Marital Adjustment Deduction
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The Marital Adjustment Deduction in Chapter 13 Bankruptcy
If you’re married but filing for Chapter 13 bankruptcy without your spouse, the marital adjustment deduction can reduce the amount you pay back to general unsecured creditors.
Q&A Chapter 13 Repayment Plan
Q&A Chapter 13 Repayment Plan
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Can I Get My Chapter 13 Payments Lowered?
Question: I have been in Chapter 13 bankruptcy for over two years. But I recently received a pay cut and can no longer afford my current Chapter 13 plan payment. Is there anything I can do to reduce my monthly payment amount?
