What Debts do I Repay in Chapter 13?

In a Chapter 13 repayment plan the debtor is in control of what debts he/she will repay.  This is typically driven by what items the debtor has a security interest in and would like to keep, i.e. a home, car, etc.  Once this has been decided the debtor and counsel then come up with a proposed repayment schedule that is then submitted to the court for approval.

Chapter 13 is a great resource for debtors that are able to pay some amount, but not all.  If this seems like a viable option for you contact an experienced local bankruptcy attorney at the Fears | Nachawati Law Firm.