FAQs on Chapter 13 to Discharge the Debts


It is observed that most people fail to repay the bills of their credits because of some unavoidable hardships. It can be related to their relationship, career, health and others. The Chapter 13 bankruptcy is there for them. The debtor will get a particular span to pay back a part of their debts and once the payment is completed, all the debts are forgiven. It takes a longer time than Chapter 7 and is more expensive as well. It turns your debts into monthly affordable payments for you. The rules and regulations vary from place to place. People who are confused about how to file bankruptcy in Oklahoma, here are some answers of FAQs for them.

What is the eligibility?

A person can file for the chapter 13 bankruptcy if

  1. He or she is a citizen of the U.S or have own property or business over here.

  2. He or she has a consistent source of income.

  3. he unsecured debts are less than $307,675 and secured debts are less than $922,975.

  4. here is no filing for bankruptcy in the last 180 days.

Chapter 7 bankruptcy

When is it better than Chapter 7 Bankruptcy?

If a person has not qualified the Chapter 7 bankruptcy whereas he or she has enough income to pay off the unsecured debts, Chapter 13 bankruptcy is for him or her. Also, if the debt is a way large to be approved under Chapter 7, the other is the best option. Chapter 13 is for the debtors who need relief from the creditors for sometimes to pay back the debts later.

Which are not dischargeable under Chapter 13?

Here are some limitations for Chapter 13 bankruptcy. These are not dischargeable under Chapter 13:

  • Debts which are not included in the plan.

  • Child support or alimony.

  • A majority of tax debts.

  • Restitution debts for personal injury, death or any criminal case.

  • Debts accumulated during the bankruptcy case.


Are the debts fully paid?

The certain debts like child support or alimony have to be paid fully. Other than that, the person has to pay a part of the debts that are reasonable and affordable for you. On the completion of the case, all the remaining debts will be discharged.

When the payments would be started?

The person will have 30 days of time to start paying the amount for each month until the plan is completed. The payment mode can be money order or checks to the trustee.

Who will approve the plan?

Not the creditors but the bankruptcy court will approve the plan. The creditors can object but the valid reason has to be shown to the court.

If you are in such situation where you don’t know how to file bankruptcy in Oklahoma and are totally fed up with the creditors’ harassments, you should take help of an attorney who has expertise in dealing with such cases. Chris Mudd & Associates is the one where you can find an experienced lawyer to get rid of the debts easily under Chapter 13 bankruptcy.