Our Professional Answer:

Typically when you discuss a Payment plan in bankruptcy, you’re referring to the payments that you make in a reorganizing bankruptcy like chapter 13 or chapter 11. In both those chapters, you’re going to suggest a payment plan to the court in a plan of reorganization which will be approved and confirmed by the court. Once that’s done, you’ll be making payments for typically 60 months.

The post What is a payment plan in bankruptcy? appeared first on RLC P.A. Lawyers.