Blog Category: 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

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Texas Chapter 13 Discharge Process

Texas Chapter 13 Discharge Process

For those suffering from severe debt, who are considering bankruptcy or who are already in the Chapter 13 repayment process, you are probably curious as to how the Chapter 13 bankruptcy process is completed. A Chapter 13 bankruptcy can end in one of two ways, a dismissal or a discharge. One is the realization of  … Read more

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Can Chapter 13 Bankruptcy Discharge Back Child Support?

Can Chapter 13 Bankruptcy Discharge Back Child Support?

If you have fallen behind on family support payments, either from child support or alimony, Chapter 13 bankruptcy can certainly help you out of your financial dilemma. While you can’t discharge these types of debts, you can reorganize your total debt load making it easier to avoid falling further behind on child support. Priority Debt  … Read more

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How A Chapter 13 Bankruptcy Can Save Your Business

How A Chapter 13 Bankruptcy Can Save Your Business

Small businesses run America. The US Small Business Administration reported that in 2017 there were 29.6 million small businesses in operation, consisting of 57.9 million employees. Out of all the business in the United States, that’s 99.9% of them. Unfortunately, only about 50% of business make it to their fifth year anniversary. Businesses fail for  … Read more

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Can I Get a Second Job in Chapter 13 Bankruptcy?

Can I Get a Second Job in Chapter 13 Bankruptcy?

When you filed for Chapter 13 bankruptcy protection, you are required to file out a number of forms known as “schedules” that give the bankruptcy court and the bankruptcy trustee assigned to your case a thorough understanding of your assets and liabilities, property you own, unexpired contracts and leases, your income, and your expenses, among  … Read more

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Chapter 13 Bankruptcy Dismissal

Chapter 13 Bankruptcy Dismissal

While there are many options available to individuals whose situation changes during the course of a Chapter 13 bankruptcy, if you fail to make the court-ordered payments on time, your Chapter 13 bankruptcy gets dismissed. When your Chapter 13 Houston bankruptcy gets dismissed, it may actually be in your best interest if you can’t afford  … Read more

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Cramdowns in Chapter 13 Bankruptcy

Cramdowns in Chapter 13 Bankruptcy

When filing for Chapter 13 Bankruptcy, you may be able to reduce the principle balance of a debt to the value of the property it is secured by. This reduction in debt is known as a “cramdown” and can be a valuable instrument in bankruptcy that can save your automobile, investment real estate, and other  … Read more

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Who is Not Eligible for Chapter 13 Bankrtupcy?

Who is Not Eligible for Chapter 13 Bankrtupcy?

For those not able to pass the Chapter 7 means test, Chapter 13 is the next best option and is effective in repaying creditors and discharging unsecured debt. There are some entities that are not eligible for Chapter 13 bankruptcy however, and we’ll cover those here today. Businesses can’t file for Chapter 13 bankruptcy and  … Read more

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Chapter 13 Benefits

Chapter 13 Benefits

  Given the fact that filing a bankruptcy implies a major impact on your credit rating, not to mention the big blotch it is to your self-image and reputation, many people find it extremely hard a decision to make. However, since there are a plethora of chapter 13 benefits for you to enjoy, filing for  … Read more

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Car Loans In Chapter 13

Car Loans In Chapter 13

In a Chapter 13 bankruptcy, you have three possible outcomes with regards to car loans. First, you can keep your car and other vehicles and continue paying it off under your repayment plan. Second, you might lose your vehicle if the payment is exceptionally high and you have a high level of non-exempt equity. Third,  … Read more

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