If I file chapter 13 will I have to pay all my debts?
June 28, 2022
By Diane Drain Attorney & Retired Law Professor
FALSE. In a chapter 13, if your income is below a certain amount, you pay only the amount necessary to cure your mortgage arrears, pay certain back taxes, pay back child support and alimony, and pay off your vehicles. If your salary is higher than the median, you will be required to pay a certain amount to your creditors.
About the Author: Diane Drain
Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.
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