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 [...]

Completing a Chapter 13 Bankruptcy On average, a Chapter 13 bankruptcy repayment plan can last anywhere from three to five years. Yet, there are factors to consider in determining how long your case will last since each situation varies. The amount you pay is based on your monthly income, with similar factors determining the amount [...]

Chapter 13 bankruptcy can sometimes be a better option than Chapter 7 .  Debtors may consider this option after negotiation attempts with their creditors fall through or when they need legal assistance in making payments they can afford. Questions that help determine if the process can help: What is Chapter 13 bankruptcy? Chapter 13 is court-approved [...]

Chapter 13 Bankruptcy and Unsecured DebtChapter 13 bankruptcy is a repayment plan approved by the court.  It helps debtors repay debt obligations within 3 to 5 years.  There are certain debts that are required to be paid through this plan.  The chapter is commonly filed by those wanting to keep property such as their home [...]

  If you filed for Chapter 13 bankruptcy in the past and your case got dismissed, you may be able to file a new case. There are several factors that may need to be reviewed this time around. It is likely your situation has changed or is different from when you filed previously. Because of [...]

During the duration of your Chapter 13 bankruptcy case you may be required to provide information about your taxes.  This may simply involve forwarding a copy of your completed return to your trustee.  Your trustee will know whether or not your tax refund will need to be collected. There are a few factors to consider [...]

Your Chapter 13 bankruptcy payment should be a priority each month and as a debtor, that is an important responsibility to uphold. This includes knowing when your payment is due and the amount. The repayment plan helps in getting finances back in order and upon obtaining approval, you make good on your promise to the [...]

Chapter 13 bankruptcy is a court-approved repayment plan that helps debtors regain control of their finances. Depending on outstanding debt the plan can last anywhere from 3 to 5 years. The payments are created based on the affordability of the debtor. Most debtors find payments scheduled in the plan to be more affordable than what [...]

Completing Your Chapter 13 Bankruptcy Filing Chapter 13 bankruptcy may help you gain control of your finances.  The filing is a collaborative effort including your attorney and/or trustee and the debtor.  The process may seem tedious with preparation of documents and final reviews of financial information.  While your legal representative tends to important responsibilities pertaining [...]

Retirement Accounts and Chapter 13 Bankruptcy Contributing to a retirement account such as a 401 (k) during Chapter 13 bankruptcy continues to be a challenging topic in federal court.  There was a recent ruling by the Bankruptcy Appellate Panel of the 9th Circuit that ruled debtors cease voluntary contributions during their Chapter 13 repayment period.   Yet, [...]