How long do I have to make payments under Chapter 13 Bankruptcy?

In California, Chapter 13 Bankruptcy is a debt repayment plan that allows individuals to repay their debt over a three to five year period. The amount of time that you have to make payments under Chapter 13 Bankruptcy depends on how much you owe, how much you can pay each month, and the type of debts you have. For most debts, you will have three to five years to make payments. However, if you are paying back major debts, such as a mortgage, the repayment period may be longer. During the repayment period, you will make regular payments to a court-appointed trustee. In order to determine the repayment period for your specific situation, you should consult with an attorney who is experienced in Chapter 13 Bankruptcy law in California. They will review your income, debts, and other financial information to determine the length of your repayment period. In addition, you should also be aware that Chapter 13 Bankruptcy does not erase all debts. Some types of debts must still be paid in full even after filing for bankruptcy. This includes debts from student loans, child support, and certain taxes. Overall, the amount of time that you have to make payments under Chapter 13 Bankruptcy in California depends on several factors, including the amount of money you owe and the types of debts you have. It is important to consult with an experienced bankruptcy attorney to determine the repayment period for your specific situation.

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How long do I have to make payments under Chapter 13 Bankruptcy?

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