Learn about fully paying off debts in a Chapter 13 bankruptcy in this video. Then call our South Jersey attorney for a free consultation.
Question:
Do I have to pay all my debts off in full in a Chapter 13 bankruptcy?
Answer:
A common question we get from our Chapter 13 clients here in our South Jersey office is, “Am I required to pay back all my debts in full? After all, Chapter 13 is a repayment plan.” It depends on what kind of debt it is. Some expenses you’re required by federal law to pay back in full, while other debts can be paid for at pennies on the dollar. If you have any questions about what must be paid in full or what will be paid for pennies on the dollar, or if Chapter 13 bankruptcy is right for you, please call our office.
Are you drowning in debt and have questions about fully paying off debts in a Chapter 13 bankruptcy? Contact experienced South Jersey Chapter 13 bankruptcy attorney Andrew Carroll of All Jersey Bankruptcy today for a free consultation and case evaluation.
We are dedicated to giving you the answers that you need in order to make an informed decision about whether bankruptcy is the best decision option for you.
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