Chapter 13 bankruptcy allows qualifying debt to be discharged when your case ends. Chapter 13 may wipe away or eliminate certain debts not eligible for discharge in Chapter 7 bankruptcy .  While certain debts must be paid in full, the amount paid toward outstanding debt depends on your income and other monthly expenses. Chapter 13 [...]

Can't Make Your Chapter 13 Bankruptcy Payments? There are several options to review should you become unable to make payments as part of your Chapter 13 bankruptcy plan. Usually, the creditor or trustee may look to have your case dismissed, but the following options may be considered to help keep your case active: Get caught up [...]

Confirmation Hearing in Chapter 13 Bankruptcy Chapter 13 bankruptcy allows debtors to repay outstanding debt with a payment plan approved by the court.  But before the debtor can begin making payments on the agreement, it has to be confirmed upon finalization.  This means that parties associated with the agreement could object or make changes before [...]

"Good Faith" Requirement for Chapter 13 Bankruptcy Chapter 13 bankruptcy allows you to repay debt obligations through an approved payment plan by the court. The "good faith" requirement is basically the debtor proposing they will make payments according to their payment schedule in "good faith" for the duration of the bankruptcy. When you file, you [...]

Income Changes in Chapter 13 Bankruptcy The purpose of Chapter 13 bankruptcy is to help debtors restructure outstanding debt by following a payment plan approved by the court. The payment plan is determined based on what disposable income is available after paying necessary living expenses. The trustee appointed to your case makes sure payments are [...]

Chapter 13 bankruptcy allows debtors to repay creditors under a court-approved payment plan.  The plan includes making scheduled payments that are often less than what the debtor was originally paying.  The repayment plan has a 3 to 5 year payment period with creditors unable to pursue collection action against you.  Whatever terms are set in [...]

Chapter 13 bankruptcy helps consumers restructure their debt with a 3 to 5 year repayment plan. Chapter 7 bankruptcy may seem like the best chapter to file when seeking debt relief by getting debt eliminated or discharged.  But debt relief can also be obtained in Chapter 13, even though the process is more complex than [...]

Reasons for Filing Chapter 13 Bankruptcy 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 bankruptcy is sought first by the debtor, only to find out they qualify [...]

Income Tax Refunds and Chapter 13 Bankruptcy Can I Keep My Tax Return in Chapter 13? 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 [...]

  Discharge Requirements for Chapter 13 Bankruptcy 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 [...]