How much debt is repaid in chapter 13?
We're thinking about bankruptcy due to a lot of credit card debt, but we also have a lot of equity in a few real estate assets (rental properties). A ...
What is a rental property cramdown? How does it work in a Chapter 13 bankruptcy case?
I own a rental property. Right now, I owe around $500,000 on the mortgage, but the state of the housing market is such that it’s only worth around ...
How will a Chapter 13 repayment plan account for investment property?
I own some investment properties—multifamily homes I rent out.Times are tough, and some of my tenants are unemployed, so they can’t pay the rent...
Can you really get rid of your second mortgage in a Chapter 13 bankruptcy?
I have been doing some research online, and I keep reading that you can get rid of a second mortgage if you file for Chapter 13 bankruptcy. Of cours...
What are Exemptions Used for in Chapter 13 Bankruptcy?
I have been reading up on chapter 7 and chapter 13, and one thing doesn’t seem to make sense. I understand that exemptions are used to keep proper...
If I File for Chapter 13 Bankruptcy, Do I Have to Repay Credit Card Debt?
I think I make too much income to file for chapter 7, so I have been thinking about filing for chapter 13 instead. If I do, will I still have to rep...
I want to File a Chapter 13 Bankruptcy but do not want to go through the Meeting of Creditors. Is it required?
Question: My wife and I have suffered horribly this last year. I’m a contractor with my own business, and we also bought two properties to renovat...
What is my liability if I co-sign on a loan for someone who then declares bankruptcy?
Question: I was a co signer for my cousins loan that became discharged because he had to file a Bankruptcy. Can the creditor come after me now? Even...
