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Debts You Must Pay in Chapter 13 Bankruptcy

A Chapter 13 bankruptcy plan can help you get your finances back in order. As a court-approved repayment plan that restructures debts, you may be able to make reduced payments on obligations based on your income ability. Yet, there are certain debts you are required to pay as part of the agreement, including secured debts [...]

By |2018-11-12T19:39:21-05:00January 15th, 2014|Chapter 13 Bankruptcy|Comments Off on Debts You Must Pay in Chapter 13 Bankruptcy

Can You Make a Vehicle Purchase in Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is a repayment plan that restructures debt obligations to help you make affordable payments each month. The plan is designed to help you get out of debt or help you catch up on debts you may have fallen behind on. Making a purchase in Chapter 13 such as a vehicle may be [...]

By |2018-11-08T22:43:29-05:00December 20th, 2013|Chapter 13 Bankruptcy|Comments Off on Can You Make a Vehicle Purchase in Chapter 13 Bankruptcy?

Can Chapter 13 Bankruptcy Help with Child Support Debt?

Chapter 13 Bankruptcy and Child Support If you are behind on child support payments those payments are not eligible to be wiped out in bankruptcy. Child support payments are considered priority debts that a debtor will continue to be responsible for even after their case ends. But, Chapter 13 bankruptcy may help you get caught [...]

By |2017-12-13T02:09:42-05:00November 6th, 2013|Chapter 13 Bankruptcy|Comments Off on Can Chapter 13 Bankruptcy Help with Child Support Debt?

When Chapter 13 Bankruptcy May Be a Better Option than Chapter 7

Distinguishing differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy may be just the beginning in understanding which chapter will provide the best solution for your situation. Even if you meet qualifications to file Chapter 7, it may be more beneficial for you to file Chapter 13. In other words, you may give yourself more [...]

By |2018-11-14T16:52:42-05:00September 6th, 2013|Chapter 13 Bankruptcy|Comments Off on When Chapter 13 Bankruptcy May Be a Better Option than Chapter 7

Do You Have to Repay All of Your Debt in Chapter 13 Bankruptcy?

Chapter 13 bankruptcy helps debtors reorganize debt obligations into an affordable 3 to 5 year repayment schedule. The amount you pay depends on a few factors such as your monthly income and the type of debt. Some debtors are under the impression that they must repay all of their debt under this plan. In many [...]

By |2018-11-14T22:29:13-05:00August 2nd, 2013|Chapter 13 Bankruptcy|Comments Off on Do You Have to Repay All of Your Debt in Chapter 13 Bankruptcy?

Chapter 13 Bankruptcy: How Much Will You Pay Each Month?

Monthly Payments For Chapter 13 Bankruptcy Debtors who are struggling to make payments may find Chapter 13 bankruptcy helpful for a number of reasons. For some, it helps them make their money stretch further while still being in good standing with their creditors. For others it helps them keep their property due to falling behind [...]

By |2017-12-13T02:10:10-05:00July 25th, 2013|Chapter 13 Bankruptcy|Comments Off on Chapter 13 Bankruptcy: How Much Will You Pay Each Month?

How Chapter 13 Bankruptcy May Reduce Your Principal Loan Balance

Can Bankruptcy Reduce Your Principal Loan Balance? Did you know that Chapter 13 bankruptcy may help you reduce your principal loan balance on certain secured debts? Many consumers may not realize they'd qualify to have debt such as a car loan reduced in order to establish affordable monthly payments. The concept is also referred to [...]

By |2018-11-07T21:57:47-05:00May 30th, 2013|Chapter 13 Bankruptcy|Comments Off on How Chapter 13 Bankruptcy May Reduce Your Principal Loan Balance

Getting Debt Discharged in Chapter 13 Bankruptcy

Many people who think about getting debt discharged may assume it can only be erased through Chapter 7 bankruptcy . In fact, Chapter 13 bankruptcy has the ability to not only discharge debt, but in some cases may help eliminate debt that is not eligible for discharge in Chapter 7. Meaning, you may be given [...]

By |2018-11-08T23:59:07-05:00May 23rd, 2013|Chapter 13 Bankruptcy|Comments Off on Getting Debt Discharged in Chapter 13 Bankruptcy

How Debtors Benefit from Filing Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a court-approved repayment plan based on the debtor's ability to repay. While the plan is not for everyone, it offers different benefits that debtors may find useful depending on their personal situation. While the plan can last anywhere from three to five years, this aspect alone is enough to discourage debtors [...]

By |2018-11-13T19:37:57-05:00May 10th, 2013|Chapter 13 Bankruptcy|Comments Off on How Debtors Benefit from Filing Chapter 13 Bankruptcy

Understanding Income Eligibility for Chapter 13 Bankruptcy

Income Eligibility for Chapter 13 Bankruptcy Chapter 13 bankruptcy is a repayment plan approved by the court. This can be a suitable option for debtors who want an affordable payment plan for their debt obligations based on what they earn. Yet, consumers may be under the impression that only earned wages or a form of [...]

By |2018-11-07T22:36:11-05:00April 18th, 2013|Chapter 13 Bankruptcy|Comments Off on Understanding Income Eligibility for Chapter 13 Bankruptcy