We will be filing for Chapter 13 in the next 3-4 weeks. My question is this:
a) Our available disposable for paying on the Chapter 13 - unsecured debt - is about $2,650/month
b) Our total payback on unsecured debt is about $108,000.
c) Therefore, we won't be able to pay it back totally within 3 years.
How does the trustee work this out. In other words, will we be paying for slightly over three years - or - is it 5 years - or - is it somewhere in between?
Thanks!!!!
a) Our available disposable for paying on the Chapter 13 - unsecured debt - is about $2,650/month
b) Our total payback on unsecured debt is about $108,000.
c) Therefore, we won't be able to pay it back totally within 3 years.
How does the trustee work this out. In other words, will we be paying for slightly over three years - or - is it 5 years - or - is it somewhere in between?
Thanks!!!!
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