A Chapter 13 bankruptcy (aka wage-earner's plan) is 1 of the so-called rehabilitative bankruptcies that allows the individual debtor — but not a business — with regular income to repay either all or some of his debts over a 3- or 5-year period, with the period of repayment depending...
1. It can affect your credit scores. If you file for a Chapter 13 bankruptcy, it can remain on your records for about 10 years. Plus, you will lose all your credit cards and it can be more difficult to get approved for future loans. On the other hand, not being able to pay off ...
The thought of filing for bankruptcy was frightening for me and my wife, Chris is very detailed and explained everything to us, the pros and the cons. They have made this whole experience as easy as possible for us, and have been there to answer any and all questions and concerns. They...
once you file the application for bankruptcy. You will submit your repayment plan and latest income tax return to the trustee. It is possible that your creditors do not like your plan and object to it. If this is the case, you, your attorney, and the trustee must submit a plan that is...
While bankruptcy can be a helpful tool for some people in debt, it is not the right choice for everyone. During a consultation with an experienced Dallas bankruptcy lawyer, we can help you understand the pros and cons of Chapter 7 and Chapter 13 bankruptcy. We can help you understand the ...
Chicago Bankruptcy Lawyer. Chapter 7 Bankruptcy and Chapter 13 Bankruptcy filings. Chicagoland area. Free Bankruptcy Quote.
Wilner, Rich
Not every bankruptcy lawyer in Nashville, Tennessee is created equal. You need to take the time to research and evaluate your options carefully to find the right fit for your unique situation. Weighing Pros and Cons Informed decision-making involves considering both the advantages and disadvantages ...
A Chapter 11 bankruptcy allows a company to stay in business and restructure its finances and operations. If a company filing for Chapter 11 opts to propose a reorganization plan, it must be in the best interest of the creditors. If the debtor does not put forth a plan, the creditors may...
Although Chapters 7 and 13 are the most common forms of bankruptcy, Chapter 12 bankruptcy specifically applies to family farms and fisheries. Learn the pros and cons of Chapter 12 below. What Is Chapter 12? Chapter 12 is a category ofbankruptcyin the United States that applies specifically to...