Chapter 13 Bankruptcy Information

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What debts can be included in a Chapter 13 Bankruptcy?

When you file a Chapter 13 Bankruptcy case it is required that you list all of your debt.  Debtors are often confused between listing debt and providing for repayment and discharge of those debts.  There are three ways to treat debt through the Chapter 13 repayment plan.  The first category is secured debt that you are going to continue to pay yourself, outside of the bankruptcy.  An example of this is your home or car should you choose.  The second type of debt is debt to be paid through the Chapter 13 repayment plan.  This could be mortgage arrears, your car, furniture, or even IRS taxes and back due child support.  The third type of debt is debt that you will repay either a portion , if any, of the debt and it will be wiped out upon the discharge of your case.  Examples of these debts are credits cards, medical bills, payday loans, personal loans, judgments, repossession deficiencies, and other unsecured debts.  If you are interested in finding out if your debts can be included in Chapter 13 Bankruptcy please fill out our Free online evaluation form for more information.

Topic: What do I have to pay back in a chapter 13 bankruptcy case?