Sacramento bankruptcy: Chapter 13 filing facts

Sacramento bankruptcy: Chapter 13 filing facts

Chapter 13 bankruptcy,in Sacramento and elsewhere, is a form of filing where you propose to repay at least a portion of your debt. All of your debt, though, need not be repaid. Often only a small percentage of your debt is repaid through a Chapter 13 bankruptcy. The rest is discharged, or eliminated. What you pay and what you don’t are fundamental facts in formulating your Chapter 13 repayment plan. Just understand that even if you file for Chapter 13 bankruptcy, you don’t necessarily have to pay all your debt back. See for yourself.