Chapter 13 Bankruptcy: A Lot Can Happen in 3 to 5 Years

A document titles Chapter 13 Bankruptcy. A pen lays on top of the paper.

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 Story

Should 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 Story

What Happens If You File Bankruptcy?

What 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 Story