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The Pro Rata Distribution is Used to Categorize all the Debts of an Individual

If you have, let’s say, 50 per cent plan, 50 cents on the dollar, it’s what we call Pro Rata Distribution, which means we take all of your debts and we line them up and categorize them.

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A Zero Percent Plan Dictates that the Unsecured Creditors Won’t Get Paid at All

As far as how often do they get paid, that’s determined by your plan.

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Dealing With Debt Collectors After Filing A Chapter 13 Bankruptcy

How often are debt collectors going to need their payments?

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A Planned Feasibility is Imperative to a Successful Discharge of a Chapter 13 Bankruptcy

“What qualifications there were for 13?”

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A Chapter 13 is an Effective Method to Stave off Foreclosure and Save a Home

If you do a Chapter 13 and you owe that, you’re actually going to pay it back through the Chapter 13.

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Differentiation between the Advantages of a Chapter 7 vs. Chapter 13

Interviewer: What sort of person would prefer Chapter 13 bankruptcy over Chapter 7?

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The Process of Lien Stripping Can be Applied to Vehicles under Certain Conditions

You can do that to vehicles but they recently changed the law; you have to have had the vehicle for more than two-and-half years to be able to do that.

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A Common Reason for Filing a Chapter 13 is to Strip a Lien

Those are the main reasons that I would put somebody into a Chapter 13.

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Having Bad Credit Can Increase the Interest on a Car Loan

Another reason would be to reduce an interest rate on a car loan.

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Reopen the Door to Homeownership

There is hope for people who have experienced financial hardship and want to own a home again. Underwriting guidelines have changed to make it possible!

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