Blog Category: Chapter 13


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


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


Chapter 13 Payment Plan

Chapter 13 Payment Plan

Chapter 13 bankruptcy is often called a reorganization bankruptcy. Chapter 13 is different from a Chapter 7 bankruptcy in that you keep all of your assets and pay back past due payments on secured items such as your home or your vehicle. In a Chapter 13 bankruptcy, you submit a plan to the bankruptcy court  … Read more

  Filed under: Chapter 13


Reasons to File Chapter 13 Bankruptcy

Reasons to File Chapter 13 Bankruptcy

When you are overwhelmed in debt, struggling to make ends meet, often times you consider bankruptcy. If you are to that point in your financial crisis, you may be wondering what type of personal bankruptcy will suit you best. Chapter 13 will be your best option if you have secured creditors that you have been  … Read more

  Filed under: Chapter 13


Can I Convert a Chapter 13 to a Chapter 7 Bankruptcy?

Can I Convert a Chapter 13 to a Chapter 7 Bankruptcy?

Individuals who file for Chapter 13 bankruptcy in Texas sometimes find themselves unable to afford the continuing funding of their Chapter 13 reorganization plan. The US Bankruptcy Code was luckily not created in a vacuum and Congress realized that unexpected emergencies such as unforeseen bills, illness, and loss of employment happen. Because of this realization,  … Read more

  Filed under: Chapter 13


Using Chapter 13 in a Texas Business Bankruptcy

Using Chapter 13 in a Texas Business Bankruptcy

Running a successful business is difficult, and there can come a time when your sole proprietorship just isn’t realizing the money needed to pay for business operations as well as your own salary to pay for debts and expenses. If your business is not generating enough income to sustain you while you pay down debt,  … Read more

  Filed under: Chapter 13


Common Chapter 13 Bankruptcy Pro Se Mistakes

Common Chapter 13 Bankruptcy Pro Se Mistakes

Chapter 13 bankruptcy is quite the involved process, requiring not only a formidable stack of paperwork to begin the process but also a long and involved budgeting process that is meant to last for three to five years. Because of the long-term financial and personal consequences involved with bankruptcy, you should always consult a bankruptcy  … Read more

  Filed under: Chapter 13


Things You Cannot Do During a Chapter 13 Bankruptcy

Things You Cannot Do During a Chapter 13 Bankruptcy

For those of you who have heard that Chapter 13 bankruptcy can be difficult, it’s not too far from the truth. Surviving a Chapter 13 bankruptcy repayment plan over the course of 3-5 years is no small feat and requires an iron-clad will and systematic conscious of your finances at all time. Bankruptcy requires individuals,  … Read more

  Filed under: Chapter 13