When Things Don’t Go According to (the) Plan: Getting Out From Under Under-Funding

By Mark C. Leffler1, Boleman Law Firm P.C., Virginia Beach, VA

It is often said that the Chapter 13 plan is “the debtor’s plan”, but the truth is, most consumer debtors only want to know whether they get to keep their home and/or car, how much to pay, to whom, and when. They trust nuances in their plan--such as why some creditors receive payment in full while others may only receive a small fraction of the balance owed—to the experience and creativity of their counsel. Debtors rely on . . .

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