Chapter 13 Calculator

Determining what a Chapter 13 plan payment should be takes knowledge of many factors. Knowing whether a Chapter 13 is even feasible needs an attorney experienced in proposing plans. That said, here is a fast and dirty calculator that can give you an idea of what a Chapter 13 plan payment would be. Some qualifiers: first, it is only as good as the numbers you give it, garbage in, garbage out; second, factors you do not know can have an impact on the end result (such as the attorney fees for your creditors); third, each district has it's own quirks, having someone that is familiar with your district is needed.

Mortgages.
If you have more than one, you SHOULD speak to an attorney about their balance and your home's value.		 Payment
Interest rate (example 8.25)
How many months are you behind
Auto loans.
Check with Kelly Blue Book and find out the Private Party value for your vehicles. In this area, the Trustees require that auto loans be paid through the plan.		 Total of Kelly Blue Book for all vehicles with loans against them

Total of loans against your vehicles
Unsecured debt.
Total all credit card, medical bills, past due utility bills 		Not sure debt.
If you owe someone money and they can take property if you don't pay, it is secured (usually). Items such as computers and furniture may fall into this category, for the purposes of this calculator, add them here
Attorney fee.
Your attorney (normally) and the attorney for a mortgage company will charge fees that will be included in your plan. For this area, $1300-$2500 is not unusual for your attorney. (This figure depends on a large number of factors.) For the mortgage company attorney a range of $1000-$2000 is pretty normal. If you know them, enter them otherwise enter $2500

For a three year plan : $ 0 per month
For a four year plan : $ 0 per month * requires court approval
And for a five year plan : $ 0 per month * requires court approval



WARNING: This calculator is not intended to provide a plan payment for pro se filings.



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