I have credit card debts and fell behind on my mortgage payments. Is if possible to go ch 13 without a job or without collecting unemplyment?
Chapter 13 is a plan of reorganization where you will be required to make monthly payments to the Chapter 13 Trustee to pay back a portion of your debt. You must have regular reoccurring income in order to propose a feasible plan. It is possible that you have regular income without a job or unemployment but that is not typical. This is why Chapter 13's are often referred to as "Wage Earner Plans."