Which bankruptcy creditors (if any) get paid?
The answer depends on what Chapter bankruptcy you file under: either chapter 7 or chapter 13. The other question is the debt is secured (like a home mortgage or auto loan) or unsecured, like most credit card debt. Secured creditors usually get paid in full no matter whether yours is a Chapter 7 or 13 if you decide to keep the collateral (i.e. the house, the car). In a Chapter 7, where most unsecured creditors, that is the credit cards, get nothing at all. A debtor may "reaffirm" some debt and not others. However, in a Chapter 13, you may not discriminate between one unsecured creditor and another.
