Most people who file for bankruptcy protection opt for the
simpler, and faster chapter 7 case. However, chapter 13 is an excellent option
for certai...
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Information on chapter 13 bankruptcy law of the United States Bankruptcy Code
is frequently referred to as a “wage earner” chapter, although...
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When meeting with a bankruptcy lawyer for the first time the debtor should do the majority of the speaking while the lawyer should listen and take not...
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Chapter Thirteen Bankruptcy is frequently referred to as the "wage earners bankruptcy". Unlike chapter 7, assets under this plan are not liquidated to...
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This form of bankruptcy is often referred to as a restructuring or
reorganization. It usually results in
the creation of a plan to pay back existi...
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Over the past few years, the sub-prime mortgage market has
allowed people to purchase homes that a traditional type of loan would not.
Unfortunately...
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With the recent economic meltdown resulting from overambitious
lending practices, sub-prime loans, and resulting impact on the housing and job
marke...
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Under current bankruptcy law, judges cannot change the terms of a mortgage
contract. Since the collapse of the housing bubble, several attempts hav...
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If you are struggling to pay your monthly car payments and you need
to reduce either your monthly payment or your interest then you should
consider ...
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Chapter 13 bankruptcy allows debtors to submit a repayment plan to the court that details how long it will take the debtor to pay off their debt as we...
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If you are unable to file for chapter 7 due to a high income, or you chose chapter 13 bankruptcy due to the many benefits over chapter 7...
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When
one has filed a Chapter 13 bankruptcy, one agrees to a court-approved payment
plan whereby one agrees to pay back the creditors one owes. The...
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Chapter 13 bankruptcy allows debtors that file their petition with the court to submit a plan of how they will repay their debt. This form of bankrupt...
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One of the biggest misperceptions surrounding Chapter 13 Bankruptcies
is that it requires you to repay your debt. This is not entirely true.
While c...
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When an individual files bankruptcy, many of their assets are subject
to court seizure. This is especially
true when filing a Chapter 7 bankruptcy...
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The process of filing for Chapter 13 bankruptcy should not be completed without the help of a bankruptcy attorney because the process is so difficult ...
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As many of you know, there is a bill on the table in congress, that would allow Bankruptcy courts and Judges to modify a Mortgage if they feel the ter...
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Aside from determining whether or not an individual is eligible for filing for bankruptcy the debtor should also hire an attorney, meet with creditors...
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The automatic stay provision allows customers to file for bankruptcy during the creditors collections...
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If you face the double whammy of back taxes and overwhelming debt
Chapter 13 is a smart strategy to get yourself back on your feet. To
understand wh...
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In a chapter 13 bankruptcy, your attorney will work out a monthly
payment plan based on your average monthly disposable income. This is
the amount o...
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