Posted on: 21st Jul, 2009 10:15 pm
Need to know how the payment plan for chapter 13 is figured out. Is there a formula used.?
hi,
as far as i'm aware of, it's the debtor who files a payment plan under chapter 13 bankruptcy. he needs to file it along with other documents while filing bankruptcy. he can file it separately as well, but he needs to do this within 15 days of filing bankruptcy. the payment plan is then sent to the creditors for their approval.
as far as i'm aware of, it's the debtor who files a payment plan under chapter 13 bankruptcy. he needs to file it along with other documents while filing bankruptcy. he can file it separately as well, but he needs to do this within 15 days of filing bankruptcy. the payment plan is then sent to the creditors for their approval.