In Stassi, the Chapter 13 debtors said their home was worth $270,000 and subject to two mortgages both held by United Community Bank. The debtors said they owed UCB $341,721 on the two mortgages, with the junior mortgage being wholly unsecured. The debtors’ plan proposed to void the jun...
A chapter 13 plan eliminates the challenges of managing multiple payments to multiple creditors. Instead, the debtor needs only to make one payment to the trustee, which the trustee then distributes to the debtor’s creditors. Through the repayment plan’s streamlined process and Chapter 13 bankr...
Chapter 13 Hardship DischargeIf the debtor is unable to complete the payment plan as originally proposed, he may request a hardship discharge, which will only be granted if:circumstances beyond the debtor's control changed and prevented the debtor from completing the payment plan; his creditors ...
If you wish to file for bankruptcy as an individual (personal bankruptcy) you can do so under chapter 7 or chapter 13. A professional bankruptcy attorney will be able to address all of your questions and concerns while also being able to guide you through the entire bankruptcy process. An a...
Experienced Chapter 13 Bankruptcy Lawyers at Massachusetts Bankruptcy Firm. Get debt relief and financial stability. Free consultations available. Contact us today!
Experienced Chapter 13 Bankruptcy Lawyers at Massachusetts Bankruptcy Firm. Get debt relief and financial stability. Free consultations available. Contact us today!
Experienced Chapter 13 Bankruptcy Lawyers at Massachusetts Bankruptcy Firm. Get debt relief and financial stability. Free consultations available. Contact us today!
we will provide a “flat fee” quote and make an easy payment plan that you can afford. Chapter 13 cases generally involve a low down payment to start the case, with the majority of the fees to be paid in the plan. Chapter 7 cases involve an affordable payment arrangement for your atto...
By filing for Chapter 13 bankruptcy, they were able to stop the foreclosure and remain in their home. With their now-steady income, they are able to pay their mortgage each month while also spreading the $25,000 back payment over a five-year period. ...
Chapter 13 bankruptcyis a payment plan that allows you to pay toward your debts over a period of time. Your creditors can't pursue you for your debts while you make these payments. Your creditors must receive at least as much money as they would if you had filed for Chapter 7 instead ...