how much of $90,000 of unsecured debt will they make me pay back?
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All of it, provided you earn enough.Filed 11/10/08
Discharged 2/18/14 -
How much you pay is based on your disposable monthly income which is your income minus your necessary living expenses. The monthly DMI times the number of months in your plan (36 to 60) goes to pay your secured creditors, priority debt, trustee fee, and any attorney fees you did not pay up front. What's left gets divided among your secured creditors. If you are keeping non exempt assets, the unsecured creditors must get at least what they'd get in a Chapter 7 liquidation. Depending on your DMI, you will pay anywhere between 0% and 100% of your unsecured debt.LadyInTheRed is in the black!
Filed Chap 13 April 2010. Discharged May 2015.
$143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!Comment
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You can get a general idea by filling out a means test and then multiplying the monthly DMI by 60 (months).Filed Chapter 13 on 2-28-10. 341 completed 4/14/10. Confirmed 5/14/10. Lien strip granted 2/2/11
0% payback to unsecured creditors, 56 payments down, 4 to go....Comment
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