Blog Category: bankruptcy

A Chapter 13 bankruptcy is a pre-approved repayment plan administered by a qualified bankruptcy trustee after a court has determined that an individual qualifies for this type of protection. The repayment plan is designed to allow creditors to recoup their money from a debtor over a pre-determined period of time, usually 3 to 5 years.  … Read more

Most often when individuals start to run into serious financial situations they become heavily concerned about the assets they have and the possibility of losing them. The two major concerns are usually the home and the vehicle. Quite often when there just isn’t enough money to go around then individuals will start to renege on  … Read more

Statistics show that cancer has a financial impact on many individuals that are stricken with this disease and it is most disheartening. It has been shown that those roughly one third of cancer survivors that are still within the working age have had to go into debt. It has also been shown by a recent  … Read more

All too often individuals who have run into financial difficulty feel a great deal of remorse and often depression. This is because they believe that they are being judged by others in regards to the financial mess that they are in. They feel that they are being perceived as being poor money managers and that  … Read more

Most often individuals that are headed into personal bankruptcy feel very isolated and alone. They experience a whole gambit of emotions and one of these is a great deal of embarrassment over the financial situation that they are in. Sometimes it’s worth taking a look at others that have been in this situation who aren’t  … Read more

One of the things that you are going to discover when you are going bankrupt, no matter whether it is a Chapter 7 or Chapter 13 bankruptcy, is that there are going to be creditor claims. What will be surprising to you is that there are different types of creditor’s claims. In your opinion perhaps  … Read more

While bankruptcy is mostly perceived by debtors that run into financial difficulties as a form of debt relief, it can also be used to the advantage of the creditors. An involuntary bankruptcy is the procedure that is filed by creditors who are attempting to collect their money. These are usually creditors that know that their  … Read more

In most cases many individuals that are going bankrupt rely on every penny that is coming into them. More often than not, there is more money going out than what is coming in, and this is what is leading them into a bankruptcy action to begin with.   In some cases individuals are waiting for  … Read more