What Happens If My Chapter 13 Bankruptcy Plan Is Not Approved?
In the recent Chapter 13 bankruptcy case in Texas, a debtor's plan was not approved by the trustee. Because of this, a dispute took place over the distribution of the debtor's assets held by...
Can Chapter 13 Bankruptcy Really Help Me?
When most debtors think of bankruptcy, they think of Chapter 7 bankruptcy where they can discharge their debts in a few months and get their fresh financial start immediately. Many above-median income debtors are...
Case Study: How A Second Mortgage Can “Fall Off” In Chapter 13 Bankruptcy
In the Chapter 13 bankruptcy case of debtors who owned a property which had two mortgages on it, the bankruptcy court ruled that the second lien (mortgage) be made unsecured. Let's take a look...
Can I Make Mortgage Payments Outside Of Chapter 13 Bankruptcy Plan?
A request to pay your mortgage outside of the Chapter 13 bankruptcy plan is not generally granted by the trustee unless there is some special circumstance. Under the bankruptcy law, a debtor in Chapter...
Timely Payment Of Taxes Can Make Or Break Your Chapter 13 Bankruptcy
How to Avoid Tax Problems During Chapter 13 Bankruptcy Chapter 13 allows debtors to repay some or all of their debts in a three to five year period. But in order for a debtor...
Four Things You Should Never Do In Your Chapter 13 Bankruptcy
Doing the right thing in your bankruptcy is important because dong the wrong thing can have disastrous results. Things you should never do in a Chapter 13 bankruptcy: Don't fail to notify the bankruptcy...
Creditor’s Attempt To Gain More Interest In Chapter 13 Bankruptcy Fails
In a recent Chapter 13 bankruptcy case in which a debtor proposed to pay their creditor's (Bank of America) claim in full over the term of their plan, was faced with a challenge by...