debt  legal


Question by  crazymanforever (32)

What is the California minimum to pay back bankruptcy chapter 13?

I am in chapter 13 and would like to know the minimum to pay back in CA?


Answer by  Roland27 (16334)

It depends on how much debt you have accumulated. When you file chapter 13 the government helps to restructure your debt and help you pay affordable payments.


Answer by  JillB (47)

Under Chapter 13 bankruptcy, paybacks are individually determined based on disposable income. Without more knowledge of your situation, it would be impossible to determine your minimum.


Answer by  tschu (417)

This amount varies from case to case. It is calculated by the amount of "disposable" income they find you have. The way they calculate "disposable income" is you income over the last 6 months minus any reasonable expenses. "Reasonable" expenses are considered expenses that are neccary to support yourself and dependants.

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