What is the time limit to complete a Chapter 13 Bankruptcy?

In Washington, the time limit to complete a Chapter 13 Bankruptcy is typically three to five years. This is known as the plan period. During this time, you will be required to make payments to the bankruptcy court as stipulated in your repayment plan. Your plan may also be extended if you are unable to make your payments as scheduled. The court may grant a "hardship extension" in this situation if you can prove that you are unable to make payments due to a decrease in income, illness, or other reasons. Your repayment plan will be based on a number of factors, including the kind of debt you have, the amount of disposable income you have, and the amount of money you need to pay your creditors. The payments can last anywhere from three to five years, depending on how much money you owe and how much you are able to pay each month. At the end of the plan period, you will be discharged from your remaining debts and will no longer owe creditors any money. It is important to understand that, even with a discharge, you will still be required to pay certain types of debts such as child support, back taxes, and student loans. By understanding the time limit for Chapter 13 Bankruptcy in Washington and being aware of the different factors that go into your repayment plan, you will be better prepared to make the right decisions for your financial situation.

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