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>--they at least get the money back owed them--than bankruptcy, where they get nothing at all. No sense at all.

I think you're confusing Chapter 7 and Chapter 13. In a Chapter 13 the creditors get their money back, but they don't get to make any interest, late charges, etc.

Creditors probably dislike CCCS because of the administrative overhead. They know how to work with Chapter 13 trustees - the rules and procedures are formalized and scheduled. The creditor knows exactly when they will start receiving payments and on what date (those items are formalized when a plan is submitted to the court).

I'm in a Chapter 13 right now; three years down, two to go.

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