Part 341 Appointment away from Creditors and you will Trustee
Chapter thirteen allows debtors to lower the speed toward good secure car loan to the present business rates. New debtor can get object to a claim filed by the the secure car finance lender whether your allege has mortgage loan significantly more than the applicable industry rates.
Car and truck loans try addressed in another way than just mortgages
The new Section 13 plan and pays the debtor’s unsecured financial institutions. The plan’s payment in order to unsecured loan providers will be based upon the new debtor’s budget of income and costs the brand new borrower submits to the Dates I (Income) and you will Schedule J (Expenses) of the Chapter 13 bankruptcy petition. Continue Reading
