I dunno why they assumed that payment is "quarterly" in the link you posted.
that doesn't even make sense.
people don't file bankruptcy so they can pay their creditors hundreds of thousands of dollars on a quarterly basis.
sffsfssfss
you don't claim to only have less than 100K worth of assets and then offer to pay one of your creditors over 800K in one year.
that in itself would show you're lying about what financial resources you have available and defeats the purpose of filing for bankruptcy.
QuoteIn her court petition, the blogger listed her assets in the $50-$100k range but her liabilities were in the $1 million to $10 million range. Her only assets included a 2021 Chevrolet Silverado, home furniture, $500 worth of electronics, $2,500 worth of clothes, 2 Louis Vuitton purses and another luxury handbag.
the article you posted didn't make sense and I knew I'd find a conflicting report with info that was more reasonable.
the goal here with bankruptcy is to settle for the smallest amount possible or acceptable, not make "payment plans" that would ultimately satisfy the full amount owed in a relatively short amount of time.