Credit Card Debt and Bankruptcy Chapter 13 bankruptcy helps debtors reorganize their debt into manageable payments scheduled over a certain time period. When it comes to credit card debt , the amount you pay may vary depending on multiple factors. If you make necessary payments according to your plan you may qualify to have any [...]
Chapter 13 bankruptcy offers homeowners several options when it comes to dealing with foreclosure , a mortgage default or even a second or third mortgage. Chapter 13 is known for helping homeowners obtain affordable mortgage payments that allow them to keep their homes. The following options give more details on how struggling homeowners can utilize [...]
Bankruptcy judges have begun to crackdown on bankruptcy petition preparers who have defrauded clients, one such conviction ended with a 27 month prison term. Judges point to cases where preparers pocketed fees but failed to do the work, messed up filings or simply overcharged clients. They have also repeatedly ordered preparers to return fees to clients [...]
How Bankruptcy Can Improve Credit Bankruptcy has been known to help people get a fresh start for several reasons. Filing doesn't make you ineligible to receive credit but it may actually help you obtain the credit you need to help achieve financial goals. During the filing process you're almost debt free and even closer to [...]
Can Filing Chapter 13 Help You Keep Your Vehicle? Chapter 13 bankruptcy is a repayment plan that helps reorganize debt obligations. Payments are made based on a schedule that's approved by the court. While the chapter is commonly known for helping debtors keep their home and prevent foreclosure, it can also help you keep your [...]
Online Business and Bankruptcy Doing business in cyberspace as become more than just a novelty, many successful (and not so successful) internet businesses have become a mainstream reality. But with the proliferation of internet commerce also comes the proliferation of bankruptcy for these types of businesses. But what happens when internet commerce meets bankruptcy courts? [...]
Individuals with medical debt will get a lot of suggestions on how to deal with their bills but not a lot of information on how to actually get those discounts, leaving them to fend for themselves. While there are other ways to get medical discounts, turning to the source, your doctor, may be the best [...]
In both Chapter 7 and Chapter 13 bankruptcy , exemptions play an important role because they help protect personal property from creditors. When property is exempt, it means creditors cannot pursue it to satisfy outstanding debt. Each state has its own rules and regulations regarding exemptions with exemptions available on the state and federal level. [...]
Risks of Filing Bankruptcy on Your Own It may seem like a simple process but filing bankruptcy on your own could make your situation more challenging than it seems. Even if you think your circumstances may seem simple, once you get into the process things may become complex when you least expect it. While it [...]
If you're seeking to get a loan modification, one of the steps you'll have to take involves reviewing your debt obligations. Many borrowers get so caught up in what they owe on debt that it interferes with the ability to make mortgage payments. Some experience changes in income or job loss while others try to [...]