Is there a certain percent of dept that has to be paid off through the plan

[slydog1967]

Is there a certain percent of dept that has to be paid off through a chapter 13 plan?

[lrprn]

Is there a certain percent of dept that has to be paid off through a chapter 13 plan?

The debt paid back to non-secured creditors in Ch 13 varies anywhere between 0% and 100% depending on how much disposable income is showing after completing the Means Test and Schedules.

[slydog1967]

I have 60,000 of unsecured dept, the house and car were keeping out of the plan. No secured dept would be going into the plan. It still does not matter what percentage?

[keepmine]

2 things to consider in setting the payment amount. Your disposable income after secured debt and living expenses are calucalted and, your unsecured creditors must receive as much in a Chapter 13 as, they'd have gotten in a Chapter 7. Nobody can tell you what your payment will be until you fill out the schedules and appy your state exemptions.

[lrprn]

I have 60,000 of unsecured dept, the house and car were keeping out of the plan. No secured dept would be going into the plan. It still does not matter what percentage?

Even though the trustee may not be paying your house and car payments, they will still be listed as IIB on your credit reports because they are included in the filing as assets.

As keepmine said, the % payback has no direct relationship to how much secured or unsecured debt you have.

To learn more about Ch 13, go to http://moranlaw.net/13workings.htm#C...013%20practice