April 20th, 2012 by Reed Allmand 
Chapter 13 bankruptcy helps reorganize debt obligations by creating a repayment plan that is completed within 3 to 5 years. The debtor makes payments on the plan based on their eligibility and income. Sometimes Chapter 7 is sought first by the debtor, only to find out they qualify for Chapter 13. While Chapter 7 is [...]
More...April 2nd, 2012 by Reed Allmand
Each case varies upon individual circumstances but your bankruptcy trustee may make the decision based on that status of your case. If you are current on your repayment plan, it’s likely you’ll be able to keep a refund up to $2000. It depends on the length of your plan and your overall financial situation. If [...]
More...March 20th, 2012 by Reed Allmand
If you think that the process of getting your debts discharged through a Chapter 13 bankruptcy can be a hassle, you are right - and wrong. With the help of a great bankruptcy attorney, debts re-arranged in Chapter 13 bankruptcies can be discharged rather quickly. However, there is no denying that there are obstacles that can [...]
More...March 5th, 2012 by Reed Allmand
Chapter 13 bankruptcy is a repayment plan that helps reorganize outstanding debt. The purpose of this filing is to create a payment plan that will help you handle debt over a certain time period. There are guidelines that should be met upon filing including meeting income requirements, providing necessary documentation to complete the filing process [...]
More...February 22nd, 2012 by Reed Allmand
If you are in a Chapter 13 bankruptcy and you experience any reduction in your income, you may be able to file Chapter 7 under certain circumstances depending on your qualifications. There is a means test that can be taken to determine eligibility. The procedure for converting chapters may vary depending on what jurisdiction the [...]
More...February 16th, 2012 by Reed Allmand
You’re getting squeezed by your debtors. There’s not an hour that goes by when you don’t receive harassing phone calls from collections agencies. Every time you open your mailbox, you’re met by a cascade of final demands and urgent notice letters, all of which document exactly how much you owe to whom. It’s enough to [...]
More...February 14th, 2012 by Reed Allmand
You’re getting squeezed by your debtors. There’s not an hour that goes by when you don’t receive harassing phone calls from collections agencies. Every time you open your mailbox, you’re met by a cascade of final demands and urgent notice letters, all of which document exactly how much you owe to whom. It’s enough to [...]
More...January 25th, 2012 by Reed Allmand
Many people feel that Chapter 7 has more advantages since it is known to give consumers a fresh start by discharging outstanding debt whereas a Chapter 13 allows you to reorganize your debt with a repayment structure over a three to five year period. But what some people don’t realize is that Chapter 13 has [...]
More...January 19th, 2012 by Reed Allmand
Chapter 13 bankruptcy provides protection against further collection action and allows for debts to be restructured into a payment plan. The filing reorganizes debt to help a debtor pay it off within a set time period. At the end of the period, if there is an unpaid balance it may be discharged if the debt is [...]
More...January 2nd, 2012 by Reed Allmand
In today’s current economic climate, your job search and bankruptcy may not initially seem to be connected. After all, with so many people declaring bankruptcy – and with the sheer number of individuals searching for jobs – it’s understandable to think that prospective employers might be more sympathetic to bankruptcies, if not unconcerned altogether. You [...]
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If you have been unemployed for a while, you may be thinking about making a career change or seeking self-unemployment. Keep in mind, some state programs are not eligible for those who are self-employed but some states may allow you to collect unemployment benefits while working toward self-employment. You’ll have to review rules and requirements [...]
An offer in compromise lets taxpayers settle tax debt for less than the original amount that is due. While the paperwork for the process can be obtained by the taxpayer who is seeking to apply, it has been recommended to work with a tax expert during the process. There are rules and requirements that need [...]
The bankruptcy process may seem challenging depending on personal circumstances and which chapter is filed. It is often wondered what happens when a co-signer files for bankruptcy protection. In many cases, a co-signer situation makes both parties responsible for outstanding debt. If the account in question goes into default, either party can be pursued by [...]
When we modify your bankruptcy plan we are changing your plan payments. This means that we have to get with your employer and change the terms and amount of your wage order. The only way we can do that is by filling out a new wage order form.
Learn MoreIf the bankruptcy stay terminates on your home that means that even though your in bankruptcy, your creditor can pursue all there legal remedies they can pursue if you were not in bankruptcy. This includes foreclosure, and having your house sold and evicting you from your house.
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