Presumably your meaning under Chap 13 a wage earners plan:
It depends on many factors...your income mainly...but basically how much of the income can be reasonably budgeted to pay off the debts, above your needed life expenses. Please consider the 8500 isn't very much money really...it isn't even half the cost of most standard new cars, which are commonly paid off, with interest, etc. in not many years.
There are many places where one can get help for credit and debt bankruptcy. For example, Debt Advisors Scotland, Consumer Information and Total Bankruptcy.
Until you pay your debt or file bankruptcy.
There are two significant figures in 85000
There are 10 decimetres in one metre. Therefore, 85000 decimetres is equal to 85000/10 = 8500 metres.
I don't think so. YOU owe THEM money. You have to pay this debt, or else declare bankruptcy... otherwise, as far as they know, you CAN pay your debt, but are simply choosing not to. Sometimes, it's a better idea to declare bankruptcy than to not, which not many people know. declarations of bankruptcy exist for a reason... they can help. Talk to a financial advisor, or a person at the bank you use, they'll be able to help you. The reason I brought up bankruptcy is because that is the inability to repay debts. If you aren't paying a debt but are not officially bankrupt, anyone you owe money to is allowed to continue "bugging you".
85000 ÷ 100 = 850.
This is not a term used in US bankruptcy courts. In a Chapter 7, when a secured debt is to continue as a debt, the debtor must file a Statement of Intention with regard to secured debt and may also have to sign a Reaffirmation Agreement which the lender files with the court. Many court require a hearing to determine if the reaffirmation will defeat the purpose of the bankruptcy.
There are many companies who can help with debt. Most attorneys handle bankrupty but are not debt consolidators so if you are not declaring bankruptcy it is better to try to a debt consolidation company.
Over 85000
Possibly ... but it's going to take many years ... possibly between 7 and 15 years to clear all the debt from your credit history.
Debt Stoppers is a chain of bankruptcy attorneys throughout the United States. Offices are located in Chicago, Atlanta, Nashville, and many other cities. These attorneys offer solutions for those who need to get out of debt, as well as advice and tips to help avoid bankruptcy again.
10 years