Legal Question in Bankruptcy in South Carolina

Chapter 13 Plan

What percentage is allowed for payment of unsecured creditors. I know that Mortgage and support obligations are 100%. Can unsecured be wiped out or paid at a low percentage.


Asked on 4/13/07, 8:12 am

1 Answer from Attorneys
Sheryl Schelin Law Office of Sheryl Schelin

Re: Chapter 13 Plan

Unsecured creditors can generally be paid at a wide variety of percentages of completion of original debt. Under prior law, some cases even paid out 0%; I'm honestly not sure whether that continues. The facts depend totally on your particular circumstances. For that reason you should speak to a lawyer near you.

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Answered on 4/18/07, 6:44 am


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