Unregistered
Anonymous
Posts: n/a
Credits: 48,894
Sub: #1 What is a 0% Chapter 13?
Replied on 11-20-2009, 05:50 AM
Reply With Quote

Hi

I keep hearing about a 0% chapter 13. I even find the phrase on a couple of lawyers' websites. How can there be 0% paid back over 5 years! Makes no sense

Bill


Moderator

Posts: 1,698
Credits: 26,314


Send message to PinkLady
Sub: #2
Replied on 11-20-2009, 07:36 AM
Reply With Quote

I've been looking to file a chapter 13 and I have also been doing a lot of research and have come across the 0%. I think it something to do with how much disposable income you have available to pay the unsecured creditors. Secured creditors get paid first and the biggest part of the payment then the unsecured creditors.

__________________
ILLINOIS LICENSE SEARCH / CONSUMER CREDIT / GUIDE TO PAYDAY LOANS
http://www.idfpr.com/dfi/ccd/ccd_licensees.asp

ILLINOIS PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=IL

WISCONSIN PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=WI

WISCONSIN LICENSE SEARCH
http://www.wdfi.org/fi/lfs/licensee%5Flists/




«Previous Thread | Next Thread»
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -8. The time now is 10:47 AM.





About Us | Contact Us | Privacy Policy | Affiliate | Sitemap | Espanol | RSS Feeds| Terms of Services
* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.055 seconds.