Chapter 13 Bankruptcy Calculator

Chapter 13 bankruptcy marks one of the only solutions available for a homeowner to stop a foreclosure without the permission of or acceptance from the lender. While Chapter 13 bankruptcy virtually guarantees that people will retain their homes as long as they make each and every monthly payment under the Chapter 13 bankruptcy plan, keeping up with those payments presents the greatest obstacle to a successful reorganization plan. Before someone seriously considers a Chapter 13 bankruptcy, they need to estimate what their reorganization plan payments might look like. The Chapter 13 bankruptcy payment calculator below does just that.

Start with a very basic Chapter 13 bankruptcy calculator using your unsecured debt (like credit card debt), existing mortgage arrearage and your income available for payment to a reorganization plan. The Chapter 13 payment calculator estimates your payment, including a calculation to determine how many months your Chapter 13 plan might take to complete. If the projected payment looks like something your budget could handle, proceed directly to the advanced Chapter 13 bankruptcy payment calculator. Should calculations indicate a repayment plan demanding 100% of your unsecured debt for those without mortgage payment trouble, you might want to use a calculator to find the number of months required to pay off your debt without filing chapter 13 bankruptcy. For more help to figure out if a chapter 13 represents the best debt solution for you try getting an automated free bankruptcy consultation online. The calculator program assumes an 11% chapter 13 trustee fee. This number may be higher or lower in your area. All fields are required.