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Recent Posts in Chapter 13 Category

The Benefits of Chapter 13 Bankruptcy

Debtors who are looking to file for bankruptcy are usually debating between chapter 13 and chapter 7 bankruptcy. While each has their pros and cons, and will benefit different people based on their ...
Continue reading "The Benefits of Chapter 13 Bankruptcy" »

How to Know if Chapter 13 Is the Right Bankruptcy Choice for You

When debt begins to overwhelm a household, bankruptcy can become a viable solution. But the choice to file bankruptcy is a massive decision and trying to understand the difference between a Chapter 7 ...
Continue reading "How to Know if Chapter 13 Is the Right Bankruptcy Choice for You" »

Chapter 13 Bankruptcy and How It Differs from Chapter 7

Bankruptcy is a serious cause for concern by anyone, however, there are several different forms of bankruptcy. Chapter 7 bankruptcy and Chapter 13 bankruptcy are 2 of the more serious kinds but the ...
Continue reading "Chapter 13 Bankruptcy and How It Differs from Chapter 7" »

Prepare for Your First Estate Planning Meeting

Deciding to file for bankruptcy is a huge decision, and you should not have to make it alone. If you find yourself in a large amount of debt that you do not think you can overcome with your current ...
Continue reading "Prepare for Your First Estate Planning Meeting" »

Be Careful Not to Overspend on Gifts This Holiday Season

You probably love the holiday season because it is a clear opportunity to give to others and show how much they mean to you. The end of the year is also a popular time to treat yourself to things ...
Continue reading "Be Careful Not to Overspend on Gifts This Holiday Season" »

Chapter 13 Bankruptcy: What Are These Documents?

Chapter 13 bankruptcy can help when you feel like your financial life is spinning out of control. This option allows you to keep your property, while continuing to pay back all or a portion of your ...
Continue reading "Chapter 13 Bankruptcy: What Are These Documents?" »

Find Success With Chapter 13 Bankruptcy

Filing chapter 13 bankruptcy is a process that requires you to think differently about your finances. The proceeding, which lasts three to five years, is one where you pay back debts under a repayment ...
Continue reading "Find Success With Chapter 13 Bankruptcy" »

What Personal Assets Are Protected in A Personal (Chapter 7 or Chapter 13) Bankruptcy?

Individuals who are evaluating whether the filing of a Chapter 7 bankruptcy would be appropriate have a lot to consider including the type of debt (e.g., credit card, mortgage, etc.) they have and the ...
Continue reading "What Personal Assets Are Protected in A Personal (Chapter 7 or Chapter 13) Bankruptcy?" »

The Pros and Cons of Filing Chapter 13 Bankruptcy

Filing bankruptcy isn't something anyone wants to do, but if you find yourself needing to, it is best if you know what different types there are and the pros and cons to them. What is chapter 13 ...
Continue reading "The Pros and Cons of Filing Chapter 13 Bankruptcy" »

Understanding The Repayment Plan in A Chapter 13 Bankruptcy

Have you fallen behind in your bills, but you have a regular income? Chapter 13 bankruptcy will help you to get back on your feet. Unlike Chapter 7, a Chapter 13 does not require a means test to file. ...
Continue reading "Understanding The Repayment Plan in A Chapter 13 Bankruptcy" »

White House Offering Hope For Student Loan Debtors in Chapter 13 Bankruptcy

Currently, student loans are difficult to discharge during bankruptcy. In fact, many students aren't aware that the bankruptcy laws are different for student loans than debt from mortgages, credit ...
Continue reading "White House Offering Hope For Student Loan Debtors in Chapter 13 Bankruptcy" »

When Is Bankruptcy A Viable Option

Bankruptcy is the first answer that comes to mind when it comes to financial difficulty. It's the best answer when the bills never stop coming, creditors calling every hour of the day and night, ...
Continue reading "When Is Bankruptcy A Viable Option" »

The ABC's Of Chapter 13 Bankruptcy

Filing for bankruptcy is a difficult decision, and a person considering this choice should weigh all their options. It is important to understand there is more than one type of bankruptcy, and one ...
Continue reading "The ABC's Of Chapter 13 Bankruptcy" »

Filing for Bankruptcy Does Not Make You A Bad Person

Filing for bankruptcy can be one of the most stressful things that a person can ever contemplate doing, especially if one has been raised on the virtues of thrift. The sort of financial distress that ...
Continue reading "Filing for Bankruptcy Does Not Make You A Bad Person" »

Bankruptcy: Some Debts Will Remain after Bankruptcy

If you're thinking about filing bankruptcy, one thing of which you should be aware is that in bankruptcy some debts are non-dischargeable. That means that even after a successful bankruptcy ...
Continue reading "Bankruptcy: Some Debts Will Remain after Bankruptcy" »

Bankruptcy And The Need To Disclose Potential Causes Of Action: Current Court Decisions

If you're filing or considering filing bankruptcy, one thing you need to know about is the need to disclose potential causes of action. Specifically, the Fifth Circuit recently held that, on ...
Continue reading "Bankruptcy And The Need To Disclose Potential Causes Of Action: Current Court Decisions" »

What are your bankruptcy options if you have an LLC?

Limited Liability Corporations or LLCs are authorized by states to operate in that manner. The Internal Revenue Service treats LLCs in various ways depending on their structure. In some cases, an LLC ...
Continue reading "What are your bankruptcy options if you have an LLC?" »

Choosing a Credit Card After Bankruptcy

The last thing bankruptcy filers need is a credit card. However, it's the best way to start. There are good credit cards out there; many are made for building credit and keep you from ...
Continue reading "Choosing a Credit Card After Bankruptcy" »

Discharge Tax Debt in Chapter 13 Bankruptcy

Chapter 7 and Chapter 13 bankruptcy allows individuals the capability of relinquishing certain debts. Recent economic hardships have left many individuals with not only overwhelming personal debt, but ...
Continue reading "Discharge Tax Debt in Chapter 13 Bankruptcy" »

Dispelling Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Misconceptions

For those facing serious debt or debt they simply cannot pay due to unforeseen circumstances, bankruptcy is a viable solution. Once your bankruptcy is finalized, you can proceed in rebuilding your ...
Continue reading "Dispelling Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Misconceptions" »

What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy differs from Chapter 7 bankruptcy in a number of ways. One is allowed to keep one’s assets, whether they are exempt or not, and in return one is required to pay off all or ...
Continue reading "What is Chapter 13 Bankruptcy?" »

Three Basic Tips for Stopping Creditor Harassment

On top of struggling with debt, people could face the stressful experience of getting harassed by creditors. They may receive repeated phone calls and letters threatening lawsuits and wage ...
Continue reading "Three Basic Tips for Stopping Creditor Harassment" »

Actions You can Take to Protect Assets Against Repossession

If you’ve recently suffered a financial hardship, you may have gotten behind in some of your payments. This could spark fears of losing your property; however, there are several things you can ...
Continue reading "Actions You can Take to Protect Assets Against Repossession" »

You Must Document Your Income In Chapter 13 Bankruptcy

In a Chapter 13 your plan payment will be driven by your income, your assets and your debts. Your income must be regular and sufficient to allow your repayment plan to work. Your Chapter 13 case will ...
Continue reading "You Must Document Your Income In Chapter 13 Bankruptcy" »

Most Debt Settlement Attempts Fail

While NACBA states that only 1 in 10 debt settlement company plans are successful, my experience is that far less than ten percent of debt settlements succeed. Most clients report that their plans ...
Continue reading "Most Debt Settlement Attempts Fail" »
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