A Chapter 13 bankruptcy is to help people keep their homes, vehicles or other secured property. It is also perfect for people who owe child support or a domestic support obligation of some type. If you owe a domestic support obligation, you are not elgible for a Chapter 7 discharge. Another good reason for Chapter 13 is if you owe taxes.
In a Chapter 13 case, you make a payment to the Trustee. The Plan will pay off any amount you are behind on a mortgage (if you are keeping your home and are behind on your mortgage), pay a vehicle lender, taxes you owe, and taxes. You will only pay unsecured creditors if you can afford it. The unsecureds may not receive anything or they could receive up to 100%. If you owe student loans, they may be part of the plan as well. You will need to discuss this with your attorney.
Law In KC
721 NE 76th
Kansas City, MO 64118
816-479-2700
Kansas City Chapter 13 Bankruptcy Lawyer
KC Chapter 13 Bankruptcy Lawyer
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