article thumbnail

Does Chapter 13 Wipe All of Your Credit?

Sawin & Shea

While different from Chapter 11, Chapter 13 is similar in the sense that it involves reorganizing and consolidating debts. This filing method is referred to as “the wage earner’s plan” because filers repay some of their debt balances with their regular income.

article thumbnail

Debt After Death: 9 Things You Need to Know

Credit Corp

If there are no cosigners, student loan debt must be paid by the decedent’s estate—sometimes immediately. Medical Debt. Medical debt can be more difficult to understand than other types of debt. If your family member died with medical debt, you may want to speak with a lawyer to understand what you are responsible for.