Does Chapter 13 pay creditors back in full?

Answer Creditors receive all or part of the money they are owed in a Chapter 13 bankruptcy. Chapter 13 bankruptcy allows debtors to repay all or part of their debts following a court-approved payment plan... Read More »

Top Q&A For: Does Chapter 13 pay creditors back in full

What can creditors take when Chapter 7 is filed?

Creditors can take property and assets that are not exempt or protected during bankruptcy proceedings. Each state has laws in place to determine exemptions available for those who file a Chapter 7 ... Read More »

What Happens With Creditors I Leave Off my Chapter 7 Bankruptcy?

Upon filing chapter 7 bankruptcies, many debtors often forget to add, or purposefully leave off, some of their creditors from their chapter 7 bankruptcy. Chapter 7 bankruptcy is centered around lo... Read More »

What are the treatments for secured creditors in Chapter 13 bankruptcy?

In Chapter 13 bankruptcy, a debtor must have enough income to repay mandatory debts, such as secured claims, in full over the life of the plan. Plans range from three to five years.Secured DebtA se... Read More »

What to Expect at Creditors Meeting for Chapter 7 Bankruptcy?

In most Chapter 7 bankruptcy cases the most important element of the case after following the petition itself is the creditors meeting. If you are pursuing a case you need to understand what to exp... Read More »