The Basics of Chapter 13 Bankruptcy, part 3 of 3

Posted by on Mar 2, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments At this point, you may be wondering “what is so hard about keeping up with a payment plan?”  Well, the main reason why most Chapter 13 repayment plans fail is because of the limited flexibility the court allows you to have when making payments pursuant to these plans. Either you made the payment or you didn’t. In a Chapter 13 bankruptcy, you must begin making payments pursuant to your...
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The Basics of Chapter 13 Bankruptcy, part 1 of 3

Posted by on Feb 25, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments When most people say they are looking to file for bankruptcy, they are thinking of a chapter 7 bankruptcy- not a chapter 13. There’s good reason for this. A chapter 7 bankruptcy allows you to discharge all of your unsecured debt, the bulk of which for many people is credit card debt. However, for those unfortunate enough to not be eligible to file for a chapter 7 bankruptcy because their...
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