Chapter 13 bankruptcy filings drop in W. Tennessee -- But new data suggest many debtors may be unable to fileBartholomew Sullivan
How Filing for Chapter 7 or 13 Bankruptcy Affects a Cosigner's Credit Bankruptcy affects the credit of the person who files for bankruptcy, regardless of the cosigner status. The bankruptcy filing won't impact the nonfiling cosigner's credit directly. Here's how it works. You file for bankru...
Chapter 13 bankruptcy is designed to serve as a flexible vehicle for the repayment of part or all of the allowed claims of the San Diego debtor. In an effort to preserve this flexibility Chapter 13 bankruptcy established only a minimum number of mandatory plan provisions. Yet the Bankruptcy Co...
Chapter 13 Bankruptcy Other people struggle with secured debt delinquency. Most states allow banks to begin the foreclosure process after justone missed payment. This process usually starts with an acceleration notice. After about thirty days, the bank stops accepting partial mortgage payments. As a ...
In Chapter 13, you can pay the missed payments on a house, car or other collateral over a three to five year period. These missed payments are known as “arrears” in bankruptcy; In Chapter 13, you can discharge certain debts that aren’t dischargeable in a Chapter 7 bankruptcy. For ex...
Bankruptcy Attorney with 44 years of law experience filing Chapter 7, 11, 13 in Johnson City, Kingsport, Elizabethton, and surrounding Tri-Cities in TN. We help good people get out of bad debt. Free Consultation.
A second Chapter 13 bankruptcy may be filed any time after a prior Chapter 13 bankruptcy discharge; however, you will not be eligible for a discharge under the second bankruptcy until two years have passed since filing the previous Chapter 13 bankruptcy. You may also file a second Chapter 13...
Filing for Chapter 13 bankruptcy creates a repayment plan that allows you to catch up on debt by making monthly payments over three to five years to a Chapter 13 bankruptcy trustee. However, your Chapter 13 bankruptcy case may be dismissed before you complete your repayment plan for several rea...
If you file for personal bankruptcy, you generally have two options: Chapter 7 or Chapter 13. A Chapter 7 bankruptcy will sell off many of your assets to pay your creditors. In a Chapter 13 bankruptcy, you keep the assets but must repay your debts over a specified period. ...
Before you decide to file for Chapter 7 or Chapter 13 bankruptcy, consider the alternatives and the consequences.