A chapter 13 bankruptcy is similar to a debt consolidation plan. All of your unsecured debt will receive a percentage of what is owed. Normally that percentage is not 100%, or in other words, paying back the debt in full, but instead paying a small portion of it. A common question I hear is, who comes up with what amount is paid back, the creditors, the trustee, a judge?

Who Comes Up With the Chapter 13 Payment Amount in Minnesota?
A chapter 13 bankruptcy is similar to a debt consolidation plan. All of your unsecured debt will...