It extends the period of time you must repay what you owe after the bankruptcy court points its ruling. Chapter 13 protects your mortgage cosigners towards collection efforts if the...
Chapter 13 bankruptcy, also known as a 'wage earner’s plan,' has helped millions of people restructure their debts.Filing for Chapter 13 bankruptcy is complicated, but the gist of it can be broken...
Find out how to file bankruptcy Chapter 13 and whether Chapter 13 bankruptcy would be a better choice for you than filing for Chapter 7.
for Chapter 13 bankruptcy instead. We'll discuss Chapter 13 bankruptcy later. Advantages of Chapter 7 Bankruptcy One of the primary advantages of Chapter 7 bankruptcy is the discharge of...
Individuals can file either Chapter 7 bankruptcy or Chapter 13 bankruptcy. Here is how the two types work and some alternatives to consider first.
schedules of assets and liabilities; ; a schedule of current income and expenditures; ; a schedule of executory contracts and unexpired leases; and
Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may prefer to remain in business and avoid liquidation. Such debtors should consider filing a petition under chapter 11 of the Bankruptcy Code. Under chapter 11, the debtor may seek an adjustment of debts, either by reducing the debt or by extending the time for repayment, or may seek a more comprehensiv...
Background A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors...
Find out how Chapter 7 and Chapter 13 bankruptcy work, eligibility requirements, how to pick the best option for you and how to apply.
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