You are here: Home Finances Bankruptcy 101 Bankruptcy ... What Happens During ...
Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

Bankruptcy Chapter 13

What Happens During Chapter 13 Bankruptcy

Next » « Previous

3/4

  • You file a plan to pay off your debt over time, usually three to five years.
  • The court appoints a trustee to supervise and administer your repayments.
  • While you're repaying your debts, your creditors can't add finance or late charges to them -- though interest will continue to accumulate.
  • Whatever debt you have at the end of the repayment period -- if any -- will be discharged and you won't have to pay it.
  • Before the discharge is complete, you will be required to take a financial management course from a nonprofit counseling agency.

Please share how this information is useful to you. 0 Comments

 

Post a Comment Have something to add to this topic? Contact Us.

Characters remaining:

  • Allowed markup: <a> <i> <b> <em> <u> <s> <strong> <code> <pre> <p>
    All other tags will be stripped.