Blog Category: Chapter 13

Financial hardship can put a real strain on a relationship. This often isn’t relieved from the Chapter 13 bankruptcy as there are a lot of emotions tied in with bankruptcy. Sometimes couples are no longer able to stay together even though all the workings of the Chapter 13 Bankruptcy have been put in place. Now  … Read more

When you have completed your chapter 13 bankruptcy filing your bankruptcy lawyer will review all of your obligations pertaining to it with you. It is important that you follow through with the bankruptcy plan as it has been designed. Circumstances in life do change though, so what do you do if your financial situation changes  … Read more

One of the biggest questions that come up when an individual is thinking about filing a Chapter 13 Bankruptcy is if all the creditors have to comply with the Bankruptcy ruling. For debts that are eligible to be handled under this particular bankruptcy the answer is YES. Creditors and Debt Once this financial relief action  … Read more

If you are thinking about filing for a Chapter 13 bankruptcy and you are eligible for this type of resolution you really need to understand how it is going to affect your present financial situation but also in the future. It can be overwhelming when going through a bankruptcy process, but if you use an  … Read more

If you are a business that is considering bankruptcy then Chapter 13 is not an option, this also applies to sole proprietorship, but that doesn’t mean that because you are a business owner you can’t apply for Chapter 13 bankruptcy. Dealing With Certain Debts If you do have debts from your business that you are  … Read more

Once you have made the decision that you want to go bankrupt, chances are you already feel as if a weight has been lifted off your shoulders. What has to be realized though, is that this possible financial solution to your heavy debt load may not wipe out all of your debt entirely, and you  … Read more

In bankruptcy, a chapter 13 filing is also called reorganization. Generally, it is an option for debtors to make a deal with creditors to repay debt in a 3-5 year timeframe. Unlike chapter 7 filings, chapter 13 bankruptcy clients will not be discharged of their debt completely, but they also will not lose assets like  … Read more

When debt becomes unmanageable, many debtors file for bankruptcy. While this is often seen as a desperate last resort, filing for bankruptcy can be a very wise financial decision, and in truth does not deserve the stigma that has become attached to it. In addition, there are two forms of bankruptcy – only one of  … Read more

When searching for solutions for managing overwhelming debt you may have come across the bankruptcy process. Most people know very little about bankruptcy, and what they do know is often clouded by misinformation. In order to make an informed debt relief decision, it is important to learn about  the Chapter 13 bankruptcy process and its  … Read more

A chapter 13 bankruptcy is often referred to as the “wage earner’s bankruptcy.” Chapter 13 allows you to create a payment plan to allow you to pay back your creditors over a three to five year time period. The amount of debt you will have to pay back depends on what is called the “means  … Read more