How are cosigned or guaranteed debts handled under chapter 13?
If a cosigned or guaranteed consumer debt is being paid in full under a chapter 13 plan, the creditor may not collect the debt from the cosigner or guarantors. However, if a consumer debt is not being paid in full under the plan, the creditor may collect the unpaid...What if the debtor is temporarily unable to make the chapter 13 payments?
If the debtor is temporarily out of work, injured, or otherwise unable to make the payments required under a chapter 13 plan, the plan can usually be modified so as to enable the debtor to resume the payments when he or she is able to do so. If it appears that the...How are secured creditors dealt with under chapter 13?
There are four methods of dealing with secured creditors under chapter 13: The creditor may accept the debtor’s proposed plan, The creditor may retain its lien and be paid the full amount of its secured claim under the plan, Debtor may surrender the collateral...How are the claims of unfiled creditors handled under chapter 13?
Unsecured creditors must file their claims with the bankruptcy court within 90 days after the first date set for the meeting of creditors in order for their claims to be allowed. Unsecured creditors who fail to file claims within that period are barred from doing so,...
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