When working with a bankruptcy attorney, they will create a feasible repayment plan through your Chapter 13 case. They outline your expenses by grouping them based on the type of secured and unsecured creditors that manage them. Your mortgage, property payments, credit card debts, and other loans...
Chapter 13 Bankruptcy Can Give You Relief From a Second Mortgage Under certain circumstances, Chapter 13 bankruptcy can help you remove a second or additional mortgage. If your home is worth less than the balance of your first mortgage, you can discharge the value of your second or subsequent ...
Bankruptcy May Help You Is a Path To Recovery BANKRUPTCY DischargeJudgments & Liens Discharge Medical Debt & Liens Discharge Credit Card Debt Stop Levies/Garnishments Stop Repossessions Stop Foreclosure It is never a wise choice to represent yourself in court. The law is confusing for the average ...
Chapter 13 is much simpler, especially for those who have retained consumer bankruptcy attorneys. You file your bankruptcy paperwork; attend a meeting to check your paperwork, get more information about your financial situation and proposed payment plan; and complete the confirmation process to...
A discharge is one of the primary benefits afforded under the United States Bankruptcy Code and is essential in the process. Not only does it allow for a fresh start, it also plays an important role in credit markets by giving lenders more encouragement to loan out money and limit risk....
Additionally under foreclosure may be the advantage of lien stripping. Them to unsecured debt, which may be eligible for discharge at the end of the bankruptcy if you have a second or third mortgage or lien against your home, a Chapter 13 bankruptcy can strip the liens from the property and...
Chapter 13 may provide you with bankruptcy protection even if you make too much money to qualify for a Chapter 7 case or if you received a discharge in a prior Chapter 7 case. You get the length of the plan to pay back past due amounts owed on houses, cars, and other loans that ha...
How Chapter 13 Bankruptcy Works When you file for Chapter 13 bankruptcy, you'll file with your state of residence or where your business is domiciled. You will have to submit financial statements, tax returns, a list of all debt obligations, and a certificate of credit counseling. The courts...
Chapter 13 bankruptcy takes longer than Chapter 7 bankruptcy. Bankruptcy may not be your only option. For example, many people comparedebt settlement to Chapter 13 bankruptcy. You can also consider debt management, also known as credit counseling. ...
If you have a steady income but are afraid of losing your home, or you have other kinds of debt, such as student loan debt, that Chapter 7 doesn’t discharge, you might consider filing for Chapter 13 bankruptcy. Clark & Washington, Attorneys at Law provides clients with guidance and suppo...