Two Basic Types of Debt in Bankruptcy

Two Basic Types of Debt in Bankruptcy

Most consumer debt can be considered either secured or unsecured debt. Secured debt usually has collateral attached to it. The most common types of secured debt are a home and mortgage and a car and car note. Unsecured debt is basically a promise to pay. These types of debt include credit cards, medical bills, payday  … Read more

  Filed under: Debt


Bankruptcy Lawyers

Bankruptcy Lawyers

Bankruptcy lawyers are regular attorneys that specialize in bankruptcy law. You can contract a lawyer to handle all of your bankruptcy case for you.   A bankruptcy lawyer will:  Make sure all of your paperwork is filed correctly and on time. Will help you devise a payment plan that the judge will approve. Your lawyer will  … Read more

  Filed under: Bankruptcy Attorney


Bankruptcy Petition Preparers

Bankruptcy Petition Preparers

Anyone can be a bankruptcy paperwork preparer, there is no experience or training required. Having a criminal background also does not stop you from being a bankruptcy petition preparer (BPP). Regulations To regulate the BPP the U.S. Trustees office will review all bankruptcy petitions prepared by a BPP. The preparer must include their name, address,  … Read more

  Filed under: Filing bankruptcy


Creditors Objections to Chapter 13 Bankruptcy

Creditors Objections to Chapter 13 Bankruptcy

The most common objection in your Chapter 13 bankruptcy plan is that the plan is not in good faith. This is where the creditor feels you either are unable to make the payments or that you were not honest in your filing. Not Feasible The second most common objection from a creditor is that the  … Read more

  Filed under: Chapter 13


Bankruptcy Plan and Confirmation Hearing

Bankruptcy Plan and Confirmation Hearing

Once you attended the meeting of the creditors, your trustee may have asked you to modify your Chapter 13 bankruptcy repayment plan. Usually, modifications are needed if the trustee does not think you are being fair to your creditors by giving them more from your disposable income. A bankruptcy lawyer can help you with your  … Read more

  Filed under: Filing bankruptcy


The 341 Meeting in Chapter 13 Bankruptcy

The 341 Meeting in Chapter 13 Bankruptcy

The meeting of the creditors, often called the 341 meeting, will be held within 40 days after you file your bankruptcy petition. Most bankruptcy courts hold the meeting of the creditors just one or two days a month. Many other people will be at the federal courthouse at the same time you are, typically everyone  … Read more

  Filed under: Chapter 13


Basic Chapter 13 Filing Procedures

Basic Chapter 13 Filing Procedures

When you are filing your paperwork to the Federal bankruptcy court, you will need to follow the same procedures. Each district may want different forms, and in different orders, so you will want to ask your bankruptcy attorney or contact your local district to get the most up to date information. You can find the  … Read more

  Filed under: Chapter 13


Chapter 13 Bankruptcy Plan

Chapter 13 Bankruptcy Plan

The cornerstone of Chapter 13 bankruptcy is your repayment plan. This type of bankruptcy allows you to keep your possessions while giving you time to catch up on your debt such as your home or your vehicle. The basic rules are the same for making a plan in its simplest form, how much you make,  … Read more

  Filed under: Chapter 13