2nd Bankruptcy and chapter 13 questions
Beatiful Thinking!
There is obviously a lot to know about this. I think you made some good points in Features also.
Hmmm what? Can someone please answer my questions as I think
Hmmm what?
Can someone please answer my questions as I think elena posted in this thread by accident.
Hello Amrulez, I'd replied to your post but somehow it got de
Hello Amrulez,
I'd replied to your post but somehow it got deleted. I'm posting it here again. Hopefully this time it would stay, or someone who has taken the pain to delete it would prefer to post a reply to correct me if I'm wrong.
Now, here goes my reply....
I don???t know about your present financial status but IMO you should consider chapter 13 only if you can make the payments on time to the creditors. Failing to meet the financial obligation can further aggravate your condition.
Anyway, the court would set up the repayment plan based on which you would need to forward the payment to the trustee. The trust would then distribute the fund amongst the lenders. You only have to make the decision regarding the tenure of the repayment plan, i.e. three or five years.