You have questions, we have answers: If I file for Chapter 13 bankruptcy relief, will I have to make monthly payments to every creditor?

No! This is why: Chapter 13 bankruptcy is NOT a debt consolidation.

We will determine your payment based on what you can afford to pay on a monthly basis. You will then pay this amount to the bankruptcy trustee and he or she will distribute that money to your creditors.

At the end of your bankruptcy plan, any unpaid portion of your dischargeable unsecured debt (credit cards, medical bills, personal loans, etc.) is completely wiped out!