Chapter 13 bankruptcy is a legal process that restructures your debt and can, potentially, save your home from foreclosure. Your slate won’t be wiped clean, rather it is designed for individuals who can use continued income to pay off some debts. Often referred to as “wage earner’s ...
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 ...
Chapter 13 bankruptcy can also help you keep your vehicle. If you are behind on payments, bankruptcy can stop the repossession process. Your monthly payment to the trustee can be set up to include payment for your car, and allow you to keep the car as long as you keep up in the paymen...
When youhireus, we will guide you through the entire Colorado bankruptcy process, including accompanying you to court. We understand your problems and can help you find the right solution for you and your family. Your attorney will be available for you whenever you need them, from the time y...
Filing forAtlanta personal bankruptcybegins by determining which option, Chapter 7 or Chapter 13, is the best choice for your financial circumstances. Berry & Associates is experienced in handling both of these types of bankruptcy. We help you determine which bankruptcy process is the right choice ...
Beginning the Chapter 13 Bankruptcy Process Filers in a Chapter 13 case must file a petition with the federal bankruptcy court that serves the location where the debtor resides or has a domicile. Unless the court states otherwise, the debtor must file these documents: ...
The Chapter 13 bankruptcy process will restructure non-exempt debts on better terms over a period of several years, usually 3 to 5 years. It is especially advantageous for debtors who want to stop foreclosure or otherwise keep their house or car. The requirement here is that the individual mak...
Use this plain-English guide to decide if Chapter 13 is right for you and to learn how to keep valuable property and repay your unsecured debts. Nolo's Chapter 13 Bankruptcy breaks down the Chapter 13 process and provides clear explanations of the law so you can: - consider non ...
Chapter 13 is less about the elimination of debt (Chapter 7) and more about the reorganization of your finances. The Chapter 13 process requires that the debtor (that’s what we call the person who files the bankruptcy case) make a monthly payment to a Chapter 13 Trustee for a period of...
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...