Articles Posted in Chapter 13

In a Chapter 13 bankruptcy case, you formulate a repayment plan for your debts using your income in order to pay some or all that you owe to creditors over a three to five year period. The length of the plan, of course, depends on how large your income compared to your debts. This repayment…

Chapter 13 bankruptcy, sometimes referred to as repayment bankruptcy, is a form of debt relief that allows a debtor to restructure their debt and pay back their creditors over the course of three to five years. The Chapter 13 repayment plan is based off of your disposable income and takes into account all your debts,…

Can I Sell My Home While in Chapter 13 Bankruptcy? There are many questions that those in Chapter 13 have and one of those is, “Can I sell my home while in bankruptcy?” The answer is yes. When in Chapter 13, individuals are able to pay back part of their debt and that means you…

One of the main reasons people don’t seek the protection of bankruptcy is because there are so many misconceptions out there. Some people think it simply bad to file bankruptcy. Others think Chapter 7 is better than Chapter 13, or vice versa. The truth is that bankruptcy is a tool that the Constitution has provided…

Homeowners all over the Sacramento area are taking stock of their finances to plan ahead for the New Year. Mortgage obligations can lead to financial stress when mortgage payments change or income fluctuates. Fortunately, Chapter 13 bankruptcy provides various opportunities for homeowners to delay or prevent foreclosure and pay off backed up payments on their…

Filing bankruptcy is a big decision and requires total commitment, especially in a Chapter 13 filing. A Chapter 13 is a three to five year legal proceeding that requires that the debtor pay back debts either fully or partially under a repayment plan. This form of bankruptcy is very powerful and can provide serious solutions…

Filing for bankruptcy is a big decision and it can be very complicated. Each state has different rules. Each district within a state has different rules. And even each judge has different preferences and rules. This is why it is so important for consumers in Sacramento to find an attorney that is experienced and knowledgeable…

Many folks in Carmichael and Citrus Heights, CA are scared of bankruptcy because they think that the court is going to take away all of their property and they’re going to end up on the street. Fortunately, the bankruptcy laws aren’t that primitive. The bankruptcy laws recognize the fact that when a person is in…

For many folks in local areas like Citrus Heights and Carmichael, debt problems can be complicated by home mortgages and car loans. The good news is that Chapter 13 bankruptcy exists and can help people overcome these complications. Filing the Chapter 13 petition and plan is the first step in a complicated process that will…

Sacramento homeowners have been noticing that home prices are rising. For some, this means that they are emerging from being “underwater” and slowly gaining equity in their homes. Despite this trend, there are still many folks that owe more than their house is worth. And still many folks who are falling behind on their mortgage…