People often wonder what percentage creditors are going to be paid back in a chapter 13 bankruptcy. As a bankruptcy attorney in Chicago, I can only estimate what the approximate amount may be. The reason why I cannot provide a definitive answer is because I do not know what type and amount of claims are going to be filed in the case. I can tell the debtor that based upon their income, their expenses, their assets and liabilities, the approximate monthly payment to the chapter 13 trustee.
This video talks about the different scenarios and the different types of questions that debtors ask with regard to percentage pay back on debt.
