Chapter 13 Question

[Frank Spain]

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?

 

[Brett Weiss]

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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* Personal Injury/Malpractice Bankruptcy *
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* BRETT WEISS, P.C. *
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* Maryland, D.C. and Federal Bars *
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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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