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How Chapter 13 works
Sample Chapter 13's
What you'll need
Income & Expenses Form
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chapter13king sample #1
Renting,
99 Grand Am paying $399 per month. $20,000 in credit cards with
$400/month minimum payments. Chapter 13 payment is $350/mo for
the car and credit cards, mashed into a payment less than the
car payment alone! |
chapter13king example #2
Retired,
pension and social security income of $2400/month
Mortgage is
$850/mo, behind 4 months because credit cards of $32,000. House
worth $95,000, mortgage balance $86,000
Chapter 13
payment covering past due mortage, and eliminating 90% of credit
cards, is $200/mo x 36 months. |
chapter13king example #3
Husband
and wife both work, but husband salary reduced.
House in
foreclosure!! Arrears on mortgage 6 mos x 1420
Vehicles worth
$11,000 at 10%, and $22,000 at 0%. Credit cards $15,000.
Payments now $300 on cards, $750 vehicles.
Chapter13
payment $750/mo x 48 months, foreclosure stopped!
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chapter13king example #4
Single
mother, income $860/2wks, plus $600/mo support. Credit cards and
personal loans and car payment = $850/mo
Chapter 13
reduces all debt to $400/mo. and pays car first!
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