Repay your creditors with one convenient monthly payment. Monthly Chapter 13 payments start out at $50 per month.
Chapter 13 is known as the repayment plan and is typically the best option if your household income is over the limit for a Chapter 7 or if you have unexempt assets you would like to keep. Chapter 13 can also stop foreclosure or repossession.
A Chapter 13 typically lasts 3-5 years. You will make one monthly payment to the Chapter 13 trustee. Your monthly payment amount is calculated based on your household income and expenses. The trustee disperses the funds to your creditors according to the payment terms contained in your Chapter 13 repayment plan.
Chapter 13 is known as the repayment plan and is typically the best option if your household income is over the limit for a Chapter 7 or if you have unexempt assets you would like to keep. Chapter 13 can also stop foreclosure or repossession.
A Chapter 13 typically lasts 3-5 years. You will make one monthly payment to the Chapter 13 trustee. Your monthly payment amount is calculated based on your household income and expenses. The trustee disperses the funds to your creditors according to the payment terms contained in your Chapter 13 repayment plan.
