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...
Learn About Chapter 11 Chapter 13 When you file for Chapter 13 bankruptcy, you agree on a plan to catch up on delinquent payments and repay your creditors over time. It provides a way to prevent foreclosure on your home or repossession of your car or other collateral. Learn About Chapter ...
Chapter 13 is a type of bankruptcy proceeding in which debtors agree to areorganizationof their financial obligations under the supervision of a court. Individuals and married couples, even if self-employed or operating an unincorporated business, are eligible to file for Chapter 13 bankruptcy.1Here...
About 94% are successful in getting a discharge. Plus, Chapter 7 is the easier option of the two main forms of bankruptcy for individuals to represent themselves. The stats for the other main type, Chapter 13, are even worse for pro se filers. (We break down the differences between the ...
Six years after a Chapter 13 bankruptcy filing If you find yourself facing an even more serious financial problem during these waiting periods (such as unemployment, an eviction, foreclosure, or car repossession), you won’t be able to file again. Borrow money or use credit cards Once you’...
What happens to a car if I file Chapter 13 bankruptcy? To make keeping your car through bankruptcy as likely as possible, a Chapter 13 bankruptcy filing could be the best possible route. The good news is that you can factor your car debt into your repayment plan, even if you are behind...
consumer credit report. Chapter 7 and Chapter 11 bankruptcies stay on your credit report for 10 years after you file. Chapter 13 bankruptcies remain on a credit report for seven years after the bankruptcy is completed, but Chapter 13 proceedings can take up to three to five years to finish....
Decide on the type of bankruptcy that's right for you Depending on your business's legal structure and assets, you may be eligible to file for either aChapter 7,Chapter 11orChapter 13bankruptcy. Here is a basic overview of each type: ...
When you’re ready to proceed, your attorney will help you complete paperwork disclosing your assets and debts as well as your income. A means test will determine whether you can file for Chapter 7 bankruptcy (a discharge of debts) or Chapter 13 bankruptcy (a reorganization of debts and a ...
Bankruptcy Attorney You now know that bankruptcy is divided into different Chapters. If you wish to file as an individual (personal bankruptcy) you can do so under chapter 7 or chapter 13. When you are troubled with debt, understanding the process of filing for bankruptcy, may not be what ...