Don’t Let Financial Problems Dominate Your Life
Individuals considering bankruptcy will usually file for either Chapter 7 or Chapter 13 bankruptcy unless they have a small business or run a family farm. Those with below-average income or few personal resources may choose Chapter 7 bankruptcy to benefit from a...
Many people who become overwhelmed by debt have a job (or two) and a steady income. It’s just not enough to keep up with their expenses. Often, they’ve had an unexpected event like a serious injury or illness that left them with bills they can’t pay. If that’s your...
You may be contemplating filing for Chapter 13 bankruptcy if you have overwhelming debt. If you officially file for this, there are several benefits that you may experience. The fact is, Chapter 13 bankruptcy is unique. It offers you an opportunity to get on a secure...
Most homeowners spend a significant portion of their monthly income paying their mortgage. Lenders will typically allow people to finance as much home as they can reasonably pay for with a third of their monthly income. Additionally, unless you bought new construction...
If you file for Chapter 13 bankruptcy, you will need to attend a creditor meeting. These take place between 21 and 50 days after you file. If you have spent months trying to avoid your creditors, meeting them face to face may be the last thing you want. Yet, you...
Chapter 13 bankruptcy can be a good solution for someone with income or assets that has more debt than they can manage. Unlike Chapter 7 bankruptcy, the person filing won't need to sell their property to repay creditors. However, they will have to complete a repayment...
Are you considering filing for bankruptcy under Chapter 13? One thing that you need to know is that more Chapter 13 bankruptcy filings fail than succeed. Those are the findings of a report published by the American Bankruptcy Institute. Based on figures between 2010...
If you are struggling to pay your debts, you might consider Chapter 13 bankruptcy. You may already know that unlike Chapter 7 bankruptcy, you get to keep your assets. However, it might surprise you to know that filing for Chapter 13 may also reduce the total amount of...
You need to file for bankruptcy to get a fresh start with your finances. However, you don’t want to give up assets and property to pay off your debts as you do in a Chapter 7 bankruptcy. Instead, you just need for restructure your debt in to a workable repayment plan....