Credit cards, medical expense, unsecured loans, past-owed bills and you can costs to other style of properties try unsecured debts

Credit cards, medical expense, unsecured loans, past-owed bills and you can costs to other style of properties try unsecured debts

Anyway, the pace will likely be significantly quicker it doesn’t matter when you bought the vehicle oftentimes. Thus saving a funded auto of repossession otherwise relieving they once it’s been repossessed and not but really sold from the public auction ‘s the second biggest benefit to submitting Section 13.

Thus one of the greatest advantages of Chapter 13 is to try to repay a fraction of personal credit card debt with very little or zero interest over a 3 to 5-seasons period

The next major advantage to possess filing Part thirteen is always to pay-off unsecured loan providers less than a hundred%. We phone call which a percentage plan and that is from around 2% in order to 5% to help you ten%, right up to 100% sometimes. (más…)