Reduce Credit Card Debt with Chapter 13 Bankruptcy

What happens to your credit card debt when you file Chapter 13?

Most people know that unsecured debt like credit cards, medical bills and signature loans are wiped out in a Chapter 7 straight bankruptcy. But if Chapter 13 functions as a repayment plan, what happens to these signature type loans? Do you end up paying back your unsecured creditors in full in your Chapter 13?

As revealed in this video, the answer is “no,” you rarely pay your unsecured creditors in full as part of your Chapter 13 repayment plan. In fact, you may be able to pay as little as one penny on the dollar.

Chapter 13 often saves you thousands by reducing your total debt, and it makes your budget liveable by reducing your monthly payments.

If you would like to learn how a Chapter 13 might be able to help you, please call Susan Blum or Jonathan Ginsberg of Ginsberg Law Offices. We can be reached directly at 770-393-4985.

Ginsberg Law Offices
Atlanta area bankruptcy lawyers
770-393-4985

[dogsareme]

Can you go into chapter 13 with nothing but unsecured debt? Like people using credit cards due to medical bills, job loss or other such thing where a person has either paid off everything and owns the house, car ECT outright or say have paid off the house and are still making car payments directly.