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chapter 13 repayment plan

Posted on: 23rd Dec, 2009 06:05 am
I'm confused! I have 59000 in unsecured cc debt. We've just begun but my lawyer is talking 1500 a month for 60 months repayment. That's 90,000 to pay back 59,000. Can that be right?
Welcome Guest,

As far as I know, the payments that you make through the repayment plan should not exceed your current debt amount. I would suggest you to speak to your bankruptcy attorney and check out the calculations. He will let you know whether or not there has been any mistakes in the calculations.
Posted on: 23rd Dec, 2009 06:45 pm
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