Two weeks immediately after filing a petition, they submit a Chapter 13 repayment strategy that shows how Bill’s income can be employed to make mortgage and car payments, and it may possibly repay Element of the unsecured charge card credit card debt. Their system features three type

In the Chapter thirteen bankruptcy, the initial two different types of claims—priority and secured—needs to be paid in total Until the creditor agrees in any other case. Unsecured credit card debt, on the other hand, does not have to become repaid in complete and often isn'

Hardship discharge: If you can’t continue the system as a result of conditions beyond your Command, you could possibly qualify for the hardship discharge, wiping out some debts early. At the end of the repayment time period, any remaining qualified financial debt is wiped out, pro