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How does Chapter 13 affect my general unsecured creditors?

April 26, 2017affect Chapter 13 Creditors unsecured

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How does Chapter 13 affect my general unsecured creditors?

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So long as your plan is in effect, and you pay your ongoing expenses, all creditors are prevented from pursuing you or your property in legal actions. Also, no new interest or penalties accrue on the unsecured debts unless your plan is dismissed for your failure to comply with its terms.