Potentially Pay Nothing to Most Creditors in Chapter 13
In some jurisdictions you can pay nothing to your "general unsecured" creditors, if all your money goes to paying higher priority ones.
Creditors Paid Nothing under Chapter 13
Chapter 13 payment plans usually have you pay something to all of your creditors. But not necessarily. Certain creditors may get nothing.
Debt Write-off under Chapter 13
The discharge of debts is just one of the tools of Chapter 13 for achieving your financial goals. It works differently than in Chapter 7.
“Pre-Petition” and “Post-Petition” Debts in Chapter 13
There are various ways of dealing with debts that arise during the course of your Chapter 13 "adjustment of debts" case.
“General Unsecured” Debts Discharged in Chapter 7
In most straightforward Chapter 7 cases all debts not secured by any collateral are discharged--forever written off. You pay nothing on them.
How Chapter 7 Deals with Special Debts that Can’t Be “Discharged”
Bankruptcy can't write off certain kinds of debts. Chapter 7 may give you enough help to avoid liens on your home from those debts.
The Chapter 13 “Super-Discharge” of Divorce Decree Debts
Chapter 7 doesn't write off any divorce-based debts. But Chapter 13 DOES write off non-support divorce debts.
Bankruptcy–A Moral Choice
When is it moral to break your promises to pay your debts?
New Thresholds for a “Luxury” Purchase or Cash Advance to Be Presumed Fraudulent
Creditors will be a little less likely to challenge the writing off of recent uses of credit.
The New Year, a Fresh Start!
You know bankruptcy gives you an overall fresh financial start. But it can provide special fresh starts you may not know about.