Chapter 13 Question

Discussion in 'Bankruptcy' started by Frank Spain, Jul 7, 2004.

  1. Frank Spain

    Frank Spain Guest

    I am about a year into a Chap. 13. My question is, I only have 2
    secured creditors and several unsecured. The order says 20% to
    unsecured. Is that all I have to pay them or do I have to pay the
    full claimed amount?
     
    Frank Spain, Jul 7, 2004
    #1
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  2. Frank Spain

    Brett Weiss Guest

    It depends. If fewer creditors than scheduled filed POCs, you may well have
    to pay those who did file POCs a higher percentage. I'd suggest asking your
    attorney.

    --
    Brett

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    The Small Print: This response is for discussion purposes only. It isn't
    meant to be legal advice and you shouldn't treat it as such. If you want
    legal advice, speak with a local lawyer familiar with your state's laws who
    can review *all* of the facts and the law applicable to your situation.
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    Brett Weiss, Jul 7, 2004
    #2
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  3. Frank Spain

    hdblue

    Joined:
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    Dear friends

    I like Chapter 13 Question very much.

    Very useful for me.

    If you have some time, pls visit my blog at: davirec.com/bankruptcy-chapter-13/

    Rgs
     
    hdblue, Jan 5, 2011
    #3
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