The approval process for a Chapter 13 bankruptcy is generally much more expedient. There’s a set commitment period, however, of three to five years, during which a debtor must relinquish essentially alldisposable incometo the appointed trustee for distribution among creditors. The commitment period ...
Chapter 13 bankruptcy, also known as “wage earner’s" bankruptcy, is a popular option for those who earn money, but who have fallen behind with payments to their creditors. Through this type of bankruptcy, an individual sets up a program to pay down their debts after they’ve been reorgan...
United States Courts – Chapter 13 Bankruptcy –This is the main website for the U.S. Court System. It includes information on the federal courts and their role in the bankruptcy process. The specific link provides information on the Chapter 13 process, forms, administrators, discharge and ...
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 ...
Definition and Examples of Chapter 13 Bankruptcy Although Chapter 7 bankruptcy is the most common, some individuals may qualify for a less drastic option. Under Chapter 13 bankruptcy, you have the opportunity to avoid foreclosure and reschedule payments for other debts. The process consolidates these...
After you are approved, you have to follow the repayment modification plan strictly. You will be required to take a post-filing course when your plan is almost complete. On completion, you receive a bankruptcy discharge. Reasons You Should Contact a Chapter 13 Attorney Today ...
A Chapter 13 lawyer will function as your legal counselor throughout the duration of the bankruptcy process. From start to finish, your attorney will provide you with the legal discernment necessary to make proactive decisions about your financial situation. ...
After you complete the reorganization plan, remaining eligible debts will be discharged. Somedebtsare not dischargeable under any chapter of bankruptcy, includingspousal and child support, certain taxes orstudent loans. One of the benefits of bankruptcy is that you receive the protection of the autom...
Chapter 13 Bankruptcy Discharge Once it has been verified that the debtor has: (1) made all payments required by the court-approved plan; (2) all domestic support payments have been paid; (3) has not received an earlier discharge within a certain time period; and (4) has taken an approv...
DISCHARGE OF DEBTOR AFTER COMPLETION OF CHAPTER 13 PLAN (United States Bankruptcy Court District) DISCHARGE OF DEBTOR AFTER COMPLETION OF CHAPTER 13 PLAN (United States Bankruptcy Court District)No abstract available. 被引量: 0发表: 2012年 Empirical Study of Debtor Education in Bankruptcy: Impact ...