Based on the information provided, nobody here can tell what the payment will be or what percentage of unsecured claims will be paid. Just because toojerm makes less than your friend and was in a 100% plan does not mean your friend will be in a 100% plan. There are too many factors. Each case is different.
Even if your friend does end up in a 100% plan, it's not the end of the world. With a good attorney, a Chap 13 puts the debtor in the driver's seat instead of at the mercy of the creditors.
While some have successfully filed Chap 13 without an attorney, it is a time-consuming task that is not to be taken lightly. I probably could have managed to do it myself. I know how to do legal research and navigate the court system. I am fluent in legalese. But, the $5400 in attorney fees for a Chap 13 with a lien strip is worth the piece of mind that it was being done correctly by somebody familiar with the local trustee and customs. There are just to many ways to make a mistake. My attorney submitted a plan that was confirmed as filed with no negotiation required.
Even if your friend does end up in a 100% plan, it's not the end of the world. With a good attorney, a Chap 13 puts the debtor in the driver's seat instead of at the mercy of the creditors.
While some have successfully filed Chap 13 without an attorney, it is a time-consuming task that is not to be taken lightly. I probably could have managed to do it myself. I know how to do legal research and navigate the court system. I am fluent in legalese. But, the $5400 in attorney fees for a Chap 13 with a lien strip is worth the piece of mind that it was being done correctly by somebody familiar with the local trustee and customs. There are just to many ways to make a mistake. My attorney submitted a plan that was confirmed as filed with no negotiation required.
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