Is a Chapter 13 Plan better than a privately operated debt consolidation service?
Yes, in many cases, for the following reasons: • The court will force your unsecured creditors to accept the payment plan. This is even the case, when you propose to pay your unsecured creditors a small percentage of their actual claims. A private service does not have this power. • The court has the power to prevent your creditors from bringing suit against you and from trying to attach your property. A private service does not have this power. • Under a Chapter 13 Plan, the court will discharge you from all unpaid debts upon the completion of your plan. A private service does not have this power.
