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Planning to file BK 13..Monthly income of $12,000 with $60,000 profit as part owner of a company. Value of the business (corporation)
for myself is about $150,000. Has unsecured debts of $120,000. No real property, house was on short sale recently. Has IRS obligation of $6,000.00 paying at present $380.00 monthly. QA student loan for my son of $24,000.00 paying $521.00 per month for 5 years. If no creditors filed a claim..what will be the basis of my payment plan for my debts. I would appreciate a response on this matter. Thank you.
Bankruptcy Chapter 7 bankruptcy means test Bankruptcy proof of claim 341 meeting of creditors Chapter 13 bankruptcy Chapter 13 bankruptcy repayment plan Debt Nondischargeable debt and student loans Claims to debt Bankruptcy and debt Chapter 13 bankruptcy reorganization plan Real estate finances Short sales Real estate and bankruptcy Real estate Tax law