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Business
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| Number of pages / Number of words: |
3 / 638 |
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Chapter 13 allowed for a very broad period for repayment of debts, a reduction in unsecured debts, and less impact on Kelly’s credit report then a Chapter 7 or 20 Bankruptcy. Since Kelly has a job and a steady income, she is eligible for Chapter 13. Under Chapter 13, Kelly would repay her home and vehicle loans in full by 2012, credit cards 70% by 2012, personal loan 80% by 2012, and unsecured debts and non-priority taxes 70% by 2012...
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Chapter 13 allowed for a very broad period for repayment of debts, a reduction in unsecured debts, and less impact on Kelly’s credit report then a Chapter 7 or 20 Bankruptcy. Since Kelly has a job and a steady income, she is eligible for Chapter 13. Under Chapter 13, Kelly would repay her home and vehicle loans in full by 2012, credit cards 70% by 2012, personal loan 80% by 2012, and unsecured debts and non-priority taxes 70% by 2012...
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