"How Much Are Chapter 13 Payments?"
“How Much Are Chapter 13 Payments?” Thanks to Jean-Christopher Andr é for this amazing photo, from Tiniteqilaaq, Greenland. It’s critical to know the amount of your Chapter 13 payment each month, but that’s just the tip of the iceberg. For your Chapter 13 case to be successful, you need to know why your Chapter 13 payment adds up to that amount — and what that amount does and does not cover. Here are two frequently heard quotes that show how confusion can result from a lack of understanding: 1. Debtor says to Lawyer: “My Chapter 13 payment is $500 per month. Why is my payment so expensive? My friend’s payment is only $200 per month!” There is obvious confusion here about the different components that make up a plan payment. Here are some common items that can affect the plan payment: Car payments. If your plan is paying debt on one or more cars, this can easily add to the amount that you will be required to pay to the Trustee. These claims