Overview Articles: What Happens to Debt in Chapter 13 Bankruptcy
Overview Articles: What Happens to Debt in Chapter 13 Bankruptcy
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Debt Discharge in Bankruptcy: Nondischargeable Debts
Debtors can eliminate or “discharge” many debt types in Chapters 7 and 13, including credit card balances, personal loans, and utility bills. However, bankruptcy doesn’t discharge obligations known as "nondischargeable" debts.
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Unsecured Debt: Priority vs. Non-Priority
Whether you file for Chapter 7 or Chapter 13 bankruptcy, you must list unsecured debts as either priority debts or nonpriority debts. Learn why priority debts must be paid first.
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Debts You Can Wipe Out in Chapter 13 Bankruptcy
If you complete a Chapter 13 repayment plan, you'll receive a bankruptcy discharge eliminating your liability on the remaining balance of qualifying debts. Learn which obligations you can erase in Chapter 13.
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A Chapter 13 case can last as long as five years. That’s a long time to go without incurring debt on some of the necessities of life. Learn what happens to debt incurred after filing for Chapter 13.
What Happens to Debt In Chapter 13 Bankruptcy
What Happens to Debt In Chapter 13 Bankruptcy
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How Medical Bills Are Treated in Chapter 13 Bankruptcy
Although you must repay some of your medical debts in Chapter 13 bankruptcy, you do this through the protection of your Chapter 13 repayment plan.
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What Happens to Your Timeshare and Timeshare Debt in Bankruptcy?
Find out what happens to a timeshare mortgage and related debts in bankruptcy and why it will depend on the timeshare type, its value, and whether you file for Chapter 7 or Chapter 13 bankruptcy.
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The Truth About "Pay Day" Loans and Filing for Bankruptcy
Payday loans, cash advances, check advances, or paycheck advances are short-term loans offered at a high interest rate. Learn when it's possible to eliminate payday loans in bankruptcy.
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Will Bankruptcy Stop the IRS From Collecting Tax Debts?
The automatic stay will stop the IRS from collecting taxes debt that you owe once you file a Chapter 7 or Chapter 13 bankruptcy. But depending upon the nature of the tax debt you owe, the IRS may be permitted to collect from you later.
Secured vs Unsecured Debt
Secured vs Unsecured Debt
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Unsecured Debt: Priority vs. Non-Priority
Whether you file for Chapter 7 or Chapter 13 bankruptcy, you must list unsecured debts as either priority debts or nonpriority debts. Learn why priority debts must be paid first.
