"What Happens After Chapter 13 Is Paid Off" Discussion
When it comes to debt relief, filing for Chapter 13 bankruptcy protection can be a great way to get back on track. But what happens after the debtor has paid off the plan? After completing a successful Chapter 13 repayment plan, debtors may find themselves in an even better financial position than before filing. With the right steps, they can achieve lasting financial freedom and enjoy their newfound financial stability.
Once the debtor has completed all payments under the repayment plan and made their final payment, they will receive a discharge from remaining unsecured debt. Depending on the court's rulings during bankruptcy proceedings, some secured debts may also be discharged or restructured to lower payments. The discharge of these debts will help reduce stress and give them more flexibility in managing money going forward.
The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
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