Chapter 13 Repayment Plan

A Chapter 13 repayment plan is designed to pay certain priority debts in full, such as back child support, and to pay other debts at least in part. Typically, a Chapter 13 repayment plan lasts from three to five years, depending on your ability to repay your debts and the amount of your outstanding debts. If you successfully comply with all provisions of your Chapter 13 repayment plan, then your remaining debts will be discharged. If, however, you fail to complete some or all of the requirements of your Chapter 13 repayment, then you risk not being able to obtain a discharge of your remaining debts. Therefore, it is essential that if you choose to enter into a Chapter 13 debt repayment plan, then you must be sure and comply with all of its provisions.

Fast Facts

    Consumers living in Alaska carry the highest amounts of credit card debt.
  • Consumers living in Iowa, North Dakota, and West Virginia carry the lowest amounts of credit card debts.

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