What types of debts can be reorganized under Chapter 13 bankruptcy?
Answer:
Chapter 13 can reorganize secured arrears, priority obligations, and unsecured debt through a court-approved repayment plan funded by the debtor’s disposable income.
Chapter 13 can reorganize secured arrears, priority obligations, and unsecured debt through a court-approved repayment plan funded by the debtor’s disposable income.
Chapter 13 results depend on regular income, secured arrears, priority debts, nonexempt assets, and whether the proposed plan is feasible. A detailed financial review helps determine what the plan must pay.
For guidance tailored to your situation, speak with our Galveston Chapter 13 attorneys.