Chapter 13 Bankruptcy
Chapter 13 Bankruptcy: A Lot Can Happen in 3 to 5 Years
When a person files for Chapter 13 bankruptcy, then automatic stay takes effect, which prohibits all collection activities against the individual. This gives the bankruptcy filer, or “debtor,” some breathing room to devise a Chapter 13 payment plan that typically spans the course of 3 to 5 years. This Chapter 13 plan allows the debtor…
Full StoryShould I file Chapter 7 or Chapter 13? Part 1 – Chapter 7
I can’t tell you how often we have clients calling us and explaining that they only want to file Chapter 7 bankruptcy, or they ask us “should I file Chapter 7 or Chapter 13”? There are various advantages and disadvantages to each chapter, and we explain these to our clients so that they can make an informed decision that’s right for them.
Full StoryMaking Debt Management Your New Year’s Resolution
Debt management is not easy but can help you improve your credit score which can result in lower cost of credit. If your debt is unmanageable, bankruptcy could be a good option.
Full StoryWhat Happens If You File Bankruptcy?
Many of our clients ask us what happens if you file bankruptcy? This is a very important question, and several significant Bankruptcy Code provisions are triggered when filing bankruptcy. Learn more about the automatic stay, bankruptcy estate and the bankruptcy trustee.
Full StoryBankruptcy And Divorce: Attorneys’ Fees, Conflict Of Interest & Severing A Case
When a couple contemplates bankruptcy and divorce, there are a number of unique considerations that arise, including potential conflict of interest for the bankruptcy attorney, severing the bankruptcy case, and paying for divorce attorneys.
Full StoryBankruptcy and Divorce: Joint Property & Joint Debts
There are several ways the combination of bankruptcy and divorce affects the Chapter 13 case, including how jointly-owned property and joint debts are treated in the Chapter 13 bankruptcy case.
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