Articles Posted in Chapter 13

If you’re considering filing for bankruptcy in Sacramento, CA, it’s critical to consult with a competent bankruptcy lawyer. By asking the right questions, you can ensure you’re working with a professional who can guide you through the process effectively. Here are the ten most important questions to ask and how to prepare for your case.…

Filing for bankruptcy is often considered a last resort for those under the burden of insurmountable debt. However, for people struggling with student loans, Chapter 13 bankruptcy could be a viable solution. While it is often misunderstood, the process can offer a strategic pathway to financial freedom if navigated correctly. This article will delve into…

Bankruptcy is a legal process that offers a fresh start to individuals who are unable to pay their debts. There are two main types for individuals and families: Chapter 7 and Chapter 13. While both are viable options depending on your circumstances, Chapter 13 offers several advantages that make it easier to recover from than…

One of the most difficult outcomes when confronting financial challenges is bankruptcy. However, bankruptcy was designed to protect and help consumers. Most individuals who file for bankruptcy will file for chapter 7 or chapter 13. Which chapter of the Bankruptcy Code to file under is one of the first choices you must make when declaring…

Every year, millions of American homeowners fall behind on their mortgage payments. When their banks and lenders begin to threaten to come after the property, homeowners are terrified that they could lose their home. An underwater mortgage due to missed mortgage payments can lead to foreclosure and harassing calls from debt collectors. Fortunately, bankruptcy is…

One of the reasons people fail to secure proper debt relief solutions is due to fear of losing their property or assets. Much of this fear stems from myths about bankruptcy and a lack of understanding how the bankruptcy process works. Unfortunately, this often leads people to sit by and not take action; ultimately putting…

Bankruptcy is sometimes frowned upon, especially if you do not know the flexible provisions under the Bankruptcy Code. Chapter 13 deals with the adjustment of debts. This provision lets the petitioner apply for protection from bankruptcy by seeking a repayment plan to repay the debts. This repayment plan is usually structured to allow the petitioner…

When you are trying to decide which bankruptcy is a good option to save your home from foreclosure, Chapter 13 may be the best option for you. In Chapter 13 bankruptcy, you do not lose your assets, and you will have three to five years to catch up on your payments through a court-approved repayment…

If you have several assets that you would like to keep and have a reliable source of income, Chapter 13 bankruptcy is often the best option for you and your family. It may be helpful to know the steps you will be taking in the bankruptcy process to get financial relief. Talking to an attorney…

Chapter 13 bankruptcy is for reorganization and repayment of your debt. People often choose Chapter 13 when they are behind in their secured loans such as their home or vehicles, and they want to keep those assets. Chapter 13 bankruptcy can also be an option if someone doesn’t qualify to file a Chapter 7 liquidation…