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  1. #1
    Join Date
    Jun 2008
    Posts
    6

    Default How Much Is Repaid

    My question involves bankruptcy in the state of: CA

    Under chapter 13 how much of the debt is repaid?

  2. #2
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: How Much Is Repaid

    That's a rather general question.

    Usually you have to pay to the trustee all your disposable income (what you have left over after expenses) for the month to pay the creditors. Per your prior thread, since your income is over your state's median, allowable expenses probably will be based on Internal Revenue Collection Financial Standards & the plan must run for five years.

    You really need to talk to a bankruptcy attorney.

  3. #3
    Join Date
    Jun 2008
    Posts
    6

    Default Re: How Much Is Repaid

    Quote Quoting Betty3
    View Post
    That's a rather general question.

    Usually you have to pay to the trustee all your disposable income (what you have left over after expenses) for the month to pay the creditors. Per your prior thread, since your income is over your state's median, allowable expenses probably will be based on Internal Revenue Collection Financial Standards & the plan must run for five years.

    You really need to talk to a bankruptcy attorney.
    Thanks, I will be talking to an attorney. I just wanted to get as much info as possible so I know the correct questions to ask.

  4. #4
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: How Much Is Repaid

    You're welcome. I hope things work out for you.

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