5 More Kinds of Chapter 13 Medicine for Saving Your Home
Chapter 13 is extraordinary in the number of distinctive ways it can solve debt problems endangering your home. Here are five more ways beyond the five of the last blog.
discharge
Stronger Medicine for Vehicle Loan through Chapter 13
If you are behind on your car or truck loan and a Chapter 7 case will not help you enough, file a Chapter 13 case instead so that you can keep that vehicle.
What Happens to Your “General Unsecured Debts” in Chapter 13?
In most Chapter 7 “straight bankruptcies,” most debts are legally written off, especially debts that are not secured by any collateral and don’t belong to any of the special “priority” categories of debt. But how about in a Chapter 13 payment plan? What determines whether these creditors get paid, and if so how much?
What Happens to Your “General Unsecured Debts” in Chapter 7?
Your “left-over debts”–those which are neither secured by collateral nor belong to any of the special “priority” categories–often don’t drive the decision about whether to file Chapter 7 or 13. But you still need to know how these “general unsecured debts” are handled under these two options.