Secured debts are paid out up coming. Very last is definitely the payment of nonpriority, unsecured debt with cash remaining within the liquidation of belongings. If you will find not sufficient funds to pay for the nonpriority unsecured debt, then the debts are compensated on a profe

If a filer can’t go the implies take a look at, the court could get which the bankruptcy submitting be converted into a Chapter thirteen case, that will contain a repayment prepare. Unsecured debts aren't backed by collateral. Charge cards are the most common example of unsecu