Credit cards are considered unsecured debt and a Chapter 13 stops all interest on unsecured liability. A Chapter 13 often allows you to pay only a portion of the unsecured debt and when the Plan completes in three to five years, the debt is paid in full. You can finally see the light at the end of the tunnel.
Tags: Chapter 13 Bankruptcy, credit card debt


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Comment by CHARLES on September 6th, 2010