Legal Question in Bankruptcy in Virginia

creditors not filing claim

what happens when most all my creditors do� not file claim in my chapt. 13.will my plan payment stay the same even thou i do not have creditors to pay. will those creditors be given any money althou they didn't file claim.


Asked on 9/22/08, 2:38 pm

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Re: creditors not filing claim

Non-filing creditors are not paid. Assuming they are unsecured, they will simply be discharged at the end of the case, assuming they were given notice. In the usual plan, the failure of some creditors to file claims may result in other creditors getting more, and it may shorten your plan term and/or entitle you to move to modify your plan to lower the payments if the result is 100% payments to the filing creditors.

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Answered on 9/22/08, 2:52 pm


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