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Why try to payback creditors in Chapter 13, why not just file Chapter 7?

April 26, 2017Chapter 13 chapter 7 Creditors file Payback Try

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Why try to payback creditors in Chapter 13, why not just file Chapter 7?

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If there is enough money left over after monthly living expenses the court may require full or partial payment to your creditors in a Chapter 13 debt consolidation.

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If mandated by the “Means Test” or If there is enough money left over after monthly living expenses the court may require full or partial payment to your creditors in Chapter 13 – Debt Consolidation. Other reasons are listed on the webpage entitled “Which Chapter is For You”.