By Jeff Field | Published September 15, 2022 | Posted in Bankruptcy, Chapter 13 | Tagged Tags: debtors, individual debts, National Data Center, repayment plan | Leave a comment
Making Sure Your Chapter 13 Payments Go Into the Right Hands
In a Chapter 13 Bankruptcy, also known as reorganization, the debtor agrees to a court-approved plan to repay a portion of his or her outstanding debts. Eligible creditors are paid specified amounts over the life of the plan, which is three to five years. However, in devising Chapter 13 plans, there are many opportunities for Read More
Read MoreWill Debts Be Removed from Your Credit Report After Bankruptcy?
A recent decision by Bank of America and JP Morgan will provide some additional relief to people who have filed for bankruptcy across the United States. The two companies finally reached an agreement to update the credit reports of borrowers within the next several months to show they have settled their debts. This is a Read More
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