Redwood City Bankruptcy: Chapter 13 Repayment Payout
Most Chapter 13 bankruptcy cases pay out less that 100% to the general unsecured creditors, which include credit cards, medical bills, personal loans, utilities, payday loans and personal signature loans. If these types of debts are not paid in full by the completion of the Chapter 13 Bankruptcy plan payments, the remaining balance is eliminated or discharged. Also, if a general unsecured creditor does not file a claim with the bankruptcy court that he will not get paid at all. For more information, call our Redwood City office!