Chapter 13 bankruptcy is a structured repayment plan approved by the court that helps debtors make affordable monthly payments to creditors. The plan is based on income ability of the debtor with disposable income being another factor in how payments to creditors are established. A tax refund may be considered disposable income that could be [...]

A Chapter 13 bankruptcy plan can help you get your finances back in order. As a court-approved repayment plan that restructures debts, you may be able to make reduced payments on obligations based on your income ability. Yet, there are certain debts you are required to pay as part of the agreement, including secured debts [...]

Chapter 13 bankruptcy is a repayment plan that restructures debt obligations to help you make affordable payments each month. The plan is designed to help you get out of debt or help you catch up on debts you may have fallen behind on. Making a purchase in Chapter 13 such as a vehicle may be [...]

Chapter 13 Bankruptcy and Child Support If you are behind on child support payments those payments are not eligible to be wiped out in bankruptcy. Child support payments are considered priority debts that a debtor will continue to be responsible for even after their case ends. But, Chapter 13 bankruptcy may help you get caught [...]

Distinguishing differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy may be just the beginning in understanding which chapter will provide the best solution for your situation. Even if you meet qualifications to file Chapter 7, it may be more beneficial for you to file Chapter 13. In other words, you may give yourself more [...]

Chapter 13 bankruptcy helps debtors reorganize debt obligations into an affordable 3 to 5 year repayment schedule. The amount you pay depends on a few factors such as your monthly income and the type of debt. Some debtors are under the impression that they must repay all of their debt under this plan. In many [...]

Monthly Payments For Chapter 13 Bankruptcy Debtors who are struggling to make payments may find Chapter 13 bankruptcy helpful for a number of reasons. For some, it helps them make their money stretch further while still being in good standing with their creditors. For others it helps them keep their property due to falling behind [...]

Can Bankruptcy Reduce Your Principal Loan Balance? Did you know that Chapter 13 bankruptcy may help you reduce your principal loan balance on certain secured debts? Many consumers may not realize they'd qualify to have debt such as a car loan reduced in order to establish affordable monthly payments. The concept is also referred to [...]

Many people who think about getting debt discharged may assume it can only be erased through Chapter 7 bankruptcy . In fact, Chapter 13 bankruptcy has the ability to not only discharge debt, but in some cases may help eliminate debt that is not eligible for discharge in Chapter 7. Meaning, you may be given [...]

Chapter 13 bankruptcy is a court-approved repayment plan based on the debtor's ability to repay. While the plan is not for everyone, it offers different benefits that debtors may find useful depending on their personal situation. While the plan can last anywhere from three to five years, this aspect alone is enough to discourage debtors [...]