Legal Question in Bankruptcy in Georgia

Trading a car, claimed in chapter 13

I Have been in a chpt 13 for 40 months of a 60 month plan. payments are set at $450.00/mo. I am trading a car which is included in my bankruptcy. My approximiate total debt is $10,000. The pay off on the car is $5000.00, how will my remaining payments be calculated? Will I stay on the same 60 month plan with a considerably lower monthly payment or will I keep the 450, and have a quicker pay off? Please Help, my lawyers are snakes.


Asked on 4/21/05, 9:33 pm

1 Answer from Attorneys
Bernd Stittleburg Stittleburg Law Offices, LLC

Re: Trading a car, claimed in chapter 13

Although bankruptcy is federal, each district has local rules which apply. I would suggest that you contact a bankruptcy attorney in PA to help you with your question.

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Answered on 4/22/05, 10:03 am


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