•   lawyer@pklaw.law
  •   Call Us: (781) 209-5596


English French Spanish

Frequently Asked Questions

Chapter 13 Plan Feasibility is Based on the Goals of the Debtor Chapter 13 Plan Feasibility is Based on the Goals of the Debtor

To determine the feasibilily of a chapter 13 repayment plan, we would simply look at the debts to be repayed over the course of the chapter 13 bankruptcy. We then divide that number by the length of the chapter 13 plan; which can be from 36 to 60 months.


Jane Homeowner is $10,000 behind on her home loan. Her bank will not work with her on a solution because they will only accept full payment of the past due balance which Jane does not have. She considers filing a chapter 13 bankruptcy, but wants to know if she can afford the repayment. Through chapter 13 bankruptcy, Jane can repay the $10,000 past due over 5 years throught the bankruptcy trustee. $10,000 paid over 60 months would equal $166.66 per month. ($10,000 / 60 = $166.66).

In this example we explore a simple version of the calculations that enter into a chapter 13 plan, if Jane can afford her regular mortgage payment, and $166.66 for the plan payment, her plan would be feasible.

We welcome you to schedule your free bankruptcy consultation to fully determine if your chapter 13 plan will be feasible. This consultation is offered at no cost or commitment.

Read 2804 times
Rate this item
(0 votes)
Carmenelisa Perez-Kudzma

Practicing law is my passion. At age eight a presidential speech motivated me to pursue my dreams of becoming an attorney. My singular purpose is to effectively represent my clients in the court of law.

Website: www.pklaw.law
Login to post comments

Pérez-Kudzma Law Office, P.C. Logo

Established 1997.

The Pérez-Kudzma Law Office.

Twitter Feed

Do you have questions about bankruptcy? I can help. https://t.co/fMCqVPX2FH
Are this years bills adding to last years debts? Call me to find out how bankruptcy can help.
Follow Perez-Kudzma Law on Twitter

Contact Info

  Pérez-Kudzma Law Office, P.C.,
35 Main Street
Suite 1
Wayland, MA 01778

 (781) 209-5596

 This email address is being protected from spambots. You need JavaScript enabled to view it.

 9.00 am to 5.00 pm

Live Chat