Articles Posted in Chapter 13

The process of filing for Chapter 13 bankruptcy can be a daunting task. It involves reorganizing your debts and making consistent monthly payments over a period of three to five years. During this time, it is crucial for individuals to manage their finances wisely to ensure that the monthly payments remain affordable even in times…

Understanding the intersection of bankruptcy law and personal habits can be a complex endeavor. One topic that often raises questions is whether gambling is permitted during a Chapter 13 bankruptcy case. The Liviakis Law Firm, well-versed in bankruptcy law, aims to shed some light on this intricate matter. Chapter 13 bankruptcy, also known as a…

Will Chapter 13 Bankruptcy Ruin Your Life? Understanding Chapter 13 Bankruptcy Chapter 13 bankruptcy, also known as a wage earner’s plan, enables individuals with regular income to develop a plan to repay all or part of their debts. This plan allows debtors to propose a repayment plan to creditors over three to five years. It’s…

At Liviakis Law Firm, we understand that the concept of $0 Down Bankruptcies can be both attractive and confusing, especially when you’re dealing with financial struggles. To help our clients make informed decisions, we have compiled an overview of the advantages and disadvantages of this bankruptcy option. Advantages of $0 Down Bankruptcies 1. Immediate Relief:…

Understanding Chapter 13 Bankruptcy: Allowable Expense Limits As one navigates the often complex world of financial recovery, understanding the Chapter 13 bankruptcy process is crucial. One key aspect of this process is the concept of ‘allowable expense limits’. What are Allowable Expenses? When filing for Chapter 13 bankruptcy, the court considers the debtor’s ‘allowable expenses’.…

Understanding Chapter 13 Bankruptcy Payments Chapter 13 bankruptcy is a form of debt reorganization that allows individuals to pay back their debts over a given period, typically three to five years. This arrangement is designed to help individuals get back on their feet financially by providing a manageable payment plan. However, there may be instances…

Going through a Chapter 13 bankruptcy can often feel like a long and complicated process. Many factors contribute to the length of this process, including the complexity of your case, the laws of your state, and the workload of the court. In this article, we’ll explore why a Chapter 13 bankruptcy might take longer than…

When experiencing financial difficulties, many Americans find themselves considering bankruptcy as a way to manage their debts. One common form of bankruptcy pursued is Chapter 13. But a question that often arises is, can a debtor sell a house during Chapter 13 bankruptcy? The answer to this question isn’t as straightforward as a simple yes…

Understanding the intricacies of bankruptcy law can be a daunting task. One common question that emerges when discussing Chapter 13 bankruptcy, in particular, is the importance of staying up-to-date on post-petition income taxes. At Liviakis Law Firm, we believe it’s crucial to shed light on this matter and give our clients the most accurate and…

When you file for Chapter 13 bankruptcy, you’re entering a legal process designed to help you manage your debts. The process involves a court-appointed trustee who oversees the case. What happens, though, when the trustee files a motion to dismiss your Chapter 13 case? Understanding the implications of this can be vital to your financial…