{"id":3781,"date":"2021-09-20T09:00:51","date_gmt":"2021-09-20T09:00:51","guid":{"rendered":"https:\/\/phoenixfreshstartbankruptcy.com\/?p=3781"},"modified":"2021-10-01T00:37:58","modified_gmt":"2021-10-01T00:37:58","slug":"average-monthly-payment-for-chapter-13-bankruptcy-case","status":"publish","type":"post","link":"https:\/\/phoenixfreshstartbankruptcy.com\/average-monthly-payment-for-chapter-13-bankruptcy-case\/","title":{"rendered":"What is the Average Monthly Payment for a Chapter 13 Bankruptcy Case?"},"content":{"rendered":"<p><a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/wp-content\/uploads\/2021\/09\/How-chapter-13-bankruptcies-work.webp\"><img decoding=\"async\" class=\"aligncenter wp-image-3784\" title=\"How chapter 13 bankruptcies work\" src=\"https:\/\/phoenixfreshstartbankruptcy.com\/wp-content\/uploads\/2021\/09\/How-chapter-13-bankruptcies-work.webp\" alt=\"How chapter 13 bankruptcies work\" width=\"700\" height=\"467\" srcset=\"https:\/\/phoenixfreshstartbankruptcy.com\/wp-content\/uploads\/2021\/09\/How-chapter-13-bankruptcies-work-200x133.webp 200w, https:\/\/phoenixfreshstartbankruptcy.com\/wp-content\/uploads\/2021\/09\/How-chapter-13-bankruptcies-work-300x200.webp 300w, https:\/\/phoenixfreshstartbankruptcy.com\/wp-content\/uploads\/2021\/09\/How-chapter-13-bankruptcies-work-400x267.webp 400w, https:\/\/phoenixfreshstartbankruptcy.com\/wp-content\/uploads\/2021\/09\/How-chapter-13-bankruptcies-work-450x300.webp 450w, https:\/\/phoenixfreshstartbankruptcy.com\/wp-content\/uploads\/2021\/09\/How-chapter-13-bankruptcies-work-600x400.webp 600w, https:\/\/phoenixfreshstartbankruptcy.com\/wp-content\/uploads\/2021\/09\/How-chapter-13-bankruptcies-work-768x512.webp 768w, https:\/\/phoenixfreshstartbankruptcy.com\/wp-content\/uploads\/2021\/09\/How-chapter-13-bankruptcies-work-800x534.webp 800w, https:\/\/phoenixfreshstartbankruptcy.com\/wp-content\/uploads\/2021\/09\/How-chapter-13-bankruptcies-work.webp 1024w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">There are a lot of potential benefits that an individual can obtain in a bankruptcy declaration. For one, declaring bankruptcy helps a debtor <\/span><b>pay back<\/b><span style=\"font-weight: 400;\"> certain debts to creditors. Through this legal proceeding, an individual struggling financially can have a fresh start in life.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are different ways of dealing with debt settlement. One of these is looking into <\/span><b>filing Chapter 13<\/b><span style=\"font-weight: 400;\">, which is one of the many types of bankruptcy proceedings that may apply to you. To make the most out of your bankruptcy petition, promptly seek legal advice from a seasoned <\/span><a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/\"><span style=\"font-weight: 400;\">Phoenix bankruptcy attorney<\/span><\/a><span style=\"font-weight: 400;\"> as soon as possible.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This article is divided into five sections, as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Overview\"><span style=\"font-weight: 400;\">An overview of a Chapter 13 petition in bankruptcy<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#TypesOfDebt\"><span style=\"font-weight: 400;\">Types of debt that you must repay when filing Bankruptcy Chapter 13<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#DebtRepaymentPlan\"><span style=\"font-weight: 400;\">Working on Your Proposed Debt Repayment Plan<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#AverageMonthlyPayments\"><span style=\"font-weight: 400;\">Average monthly payments in a Chapter 13 bankruptcy declaration<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#SeekLegalHelp\"><span style=\"font-weight: 400;\">Seeking legal help from credible Phoenix bankruptcy attorneys<\/span><\/a><\/li>\n<\/ul>\n<p><span id=\"Overview\" style=\"color: #ffffff;\">&#8230;<\/span><br \/>\n<span style=\"color: #ffffff;\">&#8230;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"An_Overview_of_a_Chapter_13_Bankruptcy_Petition\"><\/span><b>An Overview of a Chapter 13 Bankruptcy Petition<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-663c9ec3214aa\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-663c9ec3214aa\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/average-monthly-payment-for-chapter-13-bankruptcy-case\/#An_Overview_of_a_Chapter_13_Bankruptcy_Petition\" title=\"An Overview of a Chapter 13 Bankruptcy Petition\">An Overview of a Chapter 13 Bankruptcy Petition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/average-monthly-payment-for-chapter-13-bankruptcy-case\/#Types_of_Debt_that_You_Must_Repay_when_Filing_Chapter_13\" title=\"Types of Debt that You Must Repay when Filing Chapter 13\">Types of Debt that You Must Repay when Filing Chapter 13<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/average-monthly-payment-for-chapter-13-bankruptcy-case\/#Working_on_Your_Proposed_Debt_Repayment_Plan\" title=\"Working on Your Proposed Debt Repayment Plan\">Working on Your Proposed Debt Repayment Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/average-monthly-payment-for-chapter-13-bankruptcy-case\/#Average_Monthly_Payments_in_a_Chapter_13_Bankruptcy\" title=\"Average Monthly Payments in a Chapter 13 Bankruptcy\">Average Monthly Payments in a Chapter 13 Bankruptcy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/average-monthly-payment-for-chapter-13-bankruptcy-case\/#Seeking_Legal_Help_from_Phoenix_Bankruptcy_Attorneys\" title=\"Seeking Legal Help from Phoenix Bankruptcy Attorneys\">Seeking Legal Help from Phoenix Bankruptcy Attorneys<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><span style=\"font-weight: 400;\">In filing bankruptcy, you should consider different factors, such as the <\/span><a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/the-different-types-of-debts-and-bankruptcies\/\"><b>types of debt<\/b><\/a><span style=\"font-weight: 400;\"> you owe and the bankruptcy chapter that will be best for you. Debtors who are planning to file for bankruptcy often choose between the <\/span><b>liquidation<\/b><span style=\"font-weight: 400;\"> or <\/span><b>reorganization<\/b><span style=\"font-weight: 400;\"> bankruptcy procedure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you wish to secure your assets while paying the debts you owe, declaring bankruptcy under Chapter 13 could be the best option for you. Here, whatever is left after deducting permitted expenditure (your disposable income) goes towards a debt repayment plan approved by the bankruptcy court.\u00a0\u00a0<\/span><\/p>\n<p><span id=\"TypesOfDebt\" style=\"color: #ffffff;\">&#8230;<\/span><br \/>\n<span style=\"color: #ffffff;\">&#8230;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_Debt_that_You_Must_Repay_when_Filing_Chapter_13\"><\/span><b>Types of Debt that You Must Repay when Filing Chapter 13<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you are seeking debt relief and have decided to <\/span><a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/best-phoenix-bankruptcy-attorneys\/bankruptcy-filing-basics\/\"><span style=\"font-weight: 400;\">file bankruptcy<\/span><\/a><span style=\"font-weight: 400;\"> under Chapter 13, you will be required to propose a <\/span><b>payment plan<\/b><span style=\"font-weight: 400;\"> that should enable you to repay debts in three or five years. It is generally recommended to seek legal advice from a credible local attorney before working on the necessary bankruptcy forms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><b>trustee<\/b><span style=\"font-weight: 400;\"> in bankruptcy filings will work with you to allocate payments to creditors, particularly for the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Missed <a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/child-support-and-bankruptcy-in-phoenix\/\">child support or alimony payments<\/a>, unpaid federal or state taxes, wages owed to employees, and other priority debts that you must pay in full<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Secured debts that are due to be paid in full within the duration of the repayment plan, although you may cram down a home or car equity loan to minimize the balance (depending on the actual circumstances)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-priority unsecured debts you would be receiving if you filed for Chapter 7 bankruptcy instead.<\/span><\/li>\n<\/ul>\n<p><span id=\"DebtRepaymentPlan\" style=\"color: #ffffff;\">&#8230;<\/span><br \/>\n<span style=\"color: #ffffff;\">&#8230;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Working_on_Your_Proposed_Debt_Repayment_Plan\"><\/span><b>Working on Your Proposed Debt Repayment Plan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Under relevant bankruptcy laws, bankrupt individuals are generally given 36 to 60 months to pay back what is owed, with higher income filers usually paying more per month. The actual period will depend on the <\/span><b>median income<\/b><span style=\"font-weight: 400;\"> and your <\/span><a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/chapter-13-bankruptcy-arizona-income-limits\/\"><b>monthly income<\/b><\/a><span style=\"font-weight: 400;\"> six months before filing a bankruptcy petition. Additionally, electricity, phone, tax, and child support payments are often made outside the payment plan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is highly recommended to seek legal assistance early to avoid mistakes that could complicate your filing. Our well-trained and dedicated Phoenix bankruptcy lawyers will assist you on how to file, explain relevant state laws, and help you have a successful bankruptcy filing.<\/span><\/p>\n<p><span id=\"AverageMonthlyPayments\" style=\"color: #ffffff;\">&#8230;<\/span><br \/>\n<span style=\"color: #ffffff;\">&#8230;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Average_Monthly_Payments_in_a_Chapter_13_Bankruptcy\"><\/span><b>Average Monthly Payments in a Chapter 13 Bankruptcy<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A <\/span><b>Chapter 13 reorganization bankruptcy<\/b><span style=\"font-weight: 400;\"> will likely necessitate a $500 to $600 monthly payment, especially for debtors paying at least one automobile through the payment plan. However, since the bankruptcy court will consider a large number of factors, this estimate could vary greatly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In cases where there are higher income and housing repayment requirements involved, the average payment goes up to $1000 to $2000. If you filed for bankruptcy to <\/span><a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-could-solve-mortgage-problems\/\"><b>avoid foreclosure<\/b><\/a><span style=\"font-weight: 400;\"> or are behind in-house costs, your Chapter 13 plan payment could be more or less $1500 per month. Additionally, high income, high debt Chapter 13 filers would usually be required to make payments between $2000 and $3000, or even more.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other end of the spectrum, however, <a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/what-is-a-chapter-13-repayment-plan\/\">basic repayment requirements<\/a> could go as low as $200 to $300 per month. This is often applicable to a debtor who was forced to file Chapter 13 because he is barred from filing a Chapter 7 (since they filed a previous one recently). Trusted Phoenix bankruptcy lawyers can help you learn more about these situations.<\/span><\/p>\n<p><span id=\"SeekLegalHelp\" style=\"color: #ffffff;\">&#8230;<\/span><br \/>\n<span style=\"color: #ffffff;\">&#8230;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Seeking_Legal_Help_from_Phoenix_Bankruptcy_Attorneys\"><\/span><b>Seeking Legal Help from Phoenix Bankruptcy Attorneys<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Bankruptcy cases have helped countless individuals facing problems with their finances. However, because of the paperwork and supporting documents involved, filing for bankruptcy can be very stressful. As such, if you are <\/span><b>considering bankruptcy<\/b><span style=\"font-weight: 400;\">, get in touch with a local attorney from a reliable <\/span><a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/contact\/\"><span style=\"font-weight: 400;\">Phoenix bankruptcy law firm<\/span><\/a><span style=\"font-weight: 400;\">. Call us at Phoenix Fresh Start Bankruptcy today and consult with professional and dedicated Phoenix bankruptcy attorneys.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are a lot of potential benefits that an individual can obtain in a bankruptcy declaration. For one, declaring bankruptcy helps a debtor pay back certain debts to creditors. Through this legal proceeding, an individual struggling financially can have a fresh start in life. There are different ways of dealing with debt settlement. One of these is looking into filing Chapter 13, which is one of the many types of bankruptcy proceedings that may apply to you. To make the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3784,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,1459],"tags":[],"_links":{"self":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts\/3781"}],"collection":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/comments?post=3781"}],"version-history":[{"count":0,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts\/3781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/media\/3784"}],"wp:attachment":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/media?parent=3781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/categories?post=3781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/tags?post=3781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}