Tag Archives: Chapter 13
Can I file for Chapter 13 bankruptcy protection?
Being in debt is a devastating situation that too many people in the U.S. struggle with every day. If you are one of the people who spend your days concerned about unpaid bills and harassing creditors, you should know two very important things: you are not alone and you have options to address your… Read More »
4 things to do to avoid or pay down debt
When faced with debt of any amount, it’s easy to become overwhelmed. In an overwhelmed state, we often fail to take action because no action seems big enough to deal with the problem. With debt, however, the little actions you take can build up to a big solution. Here are four actions you can… Read More »
Why does Chapter 13 take longer than Chapter 7?
Before filing for bankruptcy, it’s important to note that Chapter 13 bankruptcy isn’t as quick as the most common type, which is Chapter 7. With a Chapter 7 filing, if all goes as planned, you could be done in a few months. With a Chapter 13 filing, you may not be done for five… Read More »
Man who filed Chapter 13 sues over continued collector harassment
Once people make the difficult decision to file for bankruptcy, they often feel a sense of relief that they’ve taken some control over their debt situation and will no longer be constantly harassed by debt collectors. Not all collection companies, however, play by the rules. An Illinois man has filed a federal lawsuit against… Read More »
A sudden jackpot doesn’t always solve your problems
When facing severe debt, it’s common for individuals to daydream about a sudden windfall that saves the day. All you need to set things right is a bit of an inheritance or a small lotto win. Concentrating on the possibility of such a windfall — which is an unlikely event — often means individuals… Read More »
Is it OK to have a late payment with Chapter 13 bankruptcy?
You’ve been approved for Chapter 13 bankruptcy, and you’ve even made some payments, but things just don’t work out one month. You don’t have the capital you need to make the payment or you simply forget to make it. Either way, you miss the payment and you’re going to be late. Now what? Generally… Read More »
Should you pay off your Chapter 13 bankruptcy plan early?
Many people choose the Chapter 13 option when they file for bankruptcy. Also known as the “wage earner’s plan,” it usually consists of a three- or five-year repayment schedule. You pay the money to a trustee who then disburses it to your creditors. If you can qualify for it, it’s often preferable to Chapter… Read More »
Understanding the purpose of a wage earner plan
When we talk bankruptcy, a lot of readers in Florida probably picture liquidation of assets and starting over from the bottom up. While some Chapter 7 filings do mean handing over many of your assets, and don’t always allow you to keep cars or homes, there are bankruptcy options that do allow you to… Read More »
The main reasons a bankruptcy filing could be turned down
When you file for bankruptcy in Florida, you could have your filing rejected. There’s no guarantee it’s going to be accepted, even if you’re sure that it’s the right option for you. It’s important to know why it could be rejected so that you can plan around it and give yourself the best possible… Read More »
Is Chapter 13 right for you if you’re dealing with tax debt?
At the beginning of a new year, many people take stock of their financial situation and resolve to get things in order. This often includes getting out from under debt that’s weighing them down. For some people, filing for bankruptcy is the best way to do this. What if some of your debt involves… Read More »