Blog / Chapter 13

Categories
Chapter 13

Foreclosures In Chapter 13

Every year, millions of American homeowners fall behind on their mortgage payments. When their banks and lenders begin to threaten to come after the property, homeowners are terrified that they could lose their home. An underwater mortgage due to missed mortgage payments can lead to foreclosure and harassing calls from debt collectors. Fortunately, bankruptcy is […]

Categories
Chapter 13

Protecting Assets In Chapter 13

One of the reasons people fail to secure proper debt relief solutions is due to fear of losing their property or assets. Much of this fear stems from myths about bankruptcy and a lack of understanding how the bankruptcy process works. Unfortunately, this often leads people to sit by and not take action; ultimately putting […]

Categories
Chapter 13

Chapter 13 Bankruptcy: Know how to file for Protection with Bankruptcy

Bankruptcy is sometimes frowned upon, especially if you do not know the flexible provisions under the Bankruptcy Code. Chapter 13 deals with the adjustment of debts. This provision lets the petitioner apply for protection from bankruptcy by seeking a repayment plan to repay the debts. This repayment plan is usually structured to allow the petitioner […]

Categories
Chapter 13

Chapter 13 Bankruptcy Basics

When you are trying to decide which bankruptcy is a good option to save your home from foreclosure, Chapter 13 may be the best option for you. In Chapter 13 bankruptcy, you do not lose your assets, and you will have three to five years to catch up on your payments through a court-approved repayment […]

Categories
Chapter 13

Chapter 13 Bankruptcy Process

If you have several assets that you would like to keep and have a reliable source of income, Chapter 13 bankruptcy is often the best option for you and your family. It may be helpful to know the steps you will be taking in the bankruptcy process to get financial relief. Talking to an attorney […]

Categories
Chapter 13

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is for reorganization and repayment of your debt. People often choose Chapter 13 when they are behind in their secured loans such as their home or vehicles, and they want to keep those assets. Chapter 13 bankruptcy can also be an option if someone doesn’t qualify to file a Chapter 7 liquidation […]

Categories
Chapter 13

Advantages and Disadvantage of Chapter 13 bankruptcy

When consumers face massive amounts of debt that they can’t pay back, U.S. bankruptcy laws can help legally abolish certain debt obligations. This frees people up to pay back the debts that can’t be discharged and gives them a new financial start. Individuals and sole proprietorships have two options when filing for a California bankruptcy: […]

Categories
Chapter 13

Using Chapter 13 Bankruptcy to Lower Your Car Payment

Chapter 13 bankruptcy is a form of legal debt relief that can stop automobile repossession and offer you time to reorganize your debt in an effort to pay back your creditors. What many individuals don’t realize when they contact a Elk Grove Bankruptcy Lawyer, is that in some cases you can use Chapter 13 bankruptcy […]

Categories
Chapter 13

Should I Sell My House During Chapter 13 Bankruptcy?

Citrus Heights bankruptcy attorneys are often asked if a homeowner going through reorganizational bankruptcy can sell their property during a Chapter 13 bankruptcy. While there is nothing in the US Bankruptcy law preventing you from selling the property during Chapter 13, there are significant questions to ask first. If you decide that selling a home […]

Categories
Chapter 13

Tax Refunds in a Chapter 13 Bankruptcy Case

Some debtors look forward to tax time because that is the time that they receive large tax refunds from the IRS.  Instead of receiving their fair share of monthly earnings, these taxpayers believe that their savings would be better off in the hands of government.  Meanwhile many of these same workers are struggling to pay […]