Can Creditors Collect Money in a Chapter 13 Bankruptcy?

Do you find yourself a creditor in a chapter 13 bankruptcy?  This is a very confusing and dangerous time for all creditors.   Dangerous because creditors are prohibited from trying to collect their debt or they can be found in contempt of the federal bankruptcy stay “automatic stay”.  Most creditors wonder if they will be paid any of the debt owed to them.  The answer depends on the type of debt, the debtor’s intentions and the law.
The following is a great blog with video that explains the chapter 13 bankruptcy process, the players involved and who gets paid.  This blog was prepared by the Michigan Bankruptcy Blog, the Foster Smith law firm.

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