Incorrect Tax Withholdings During Bankruptcy When debtors are faced with increasing bills and a decreasing salary one of the first things some do is decrease their IRS tax withholdings so that their paycheck shows just a little more income. Fear, panic and the pressing need for cash can cause a debtor to decrease their tax [...]

Debtors in Chapter 13 bankruptcy are not allowed to borrow unless they have bankruptcy court's permission.  But is it really a good idea for debtors in Chapter 13 bankruptcy to take on new debt? Well the answer is not as simple as yes or no. Why a debtor may or may not want to borrow [...]

Oftentimes when debtors consider bankruptcy they think of Chapter 7 bankruptcy, where the debtor can completely discharge most or in some cases all of their unsecured debts.  But there are many debtors who are better off filing Chapter 13 bankruptcy and making repayments on their debts over the course of 3 to 5 years. Below [...]

It's unfortunate, but sometimes debtors in Chapter 13 bankruptcy make all of the required payments to the bankruptcy trustee only to hit with a mortgage notice at the need of their bankruptcy saying that they are thousands of dollars behind in payments. How can this happen? There a few causes of this type of mortgage [...]

Because Chapter 13 bankruptcy can last anywhere between 3 to 5 years, there are a lot of things that can happen during that time. One of the most common events is the breakdown of an old car and the need to buy a new one. But a debtor in Chapter 13 bankruptcy cannot purchase a [...]

Refiling for Bankruptcy After Court Dismissal A debtor's ability to refile  Chapter 13 bankruptcy  after a dismissal will depend on various factors.  The first thing a debtor needs to do is find out why their Chapter 13 bankruptcy case was dismissed. The most common reasons for dismissing a Chapter 13 bankruptcy case are: The debtor [...]

When filing Chapter 13 bankruptcy, the debtor agrees to repay their creditors over the course of 3 to 5 years.  The amount that the debtor pays will include both their secured and unsecured debts; however, they may only be required to pay part of their unsecured debts with the balance being discharged at the end [...]

When a Chapter 13 bankruptcy plan is created there is an even number of payments required over a certain number of years. For example, a debtor may be required to make payments of $536 per month for five years via Chapter 13 bankruptcy. But just because there is an even number of payments does not [...]

While there are many ways to work around a debtor's difficulty in making payments on their Chapter 13 bankruptcy repayment plan, sometimes debtors need to simply dismiss their case. 3 reasons why a debtor may opt for a voluntary dismissal: There is no way for you to make payments on your debt in Chapter 13 [...]

The Supreme Court ruled that bankruptcy courts can now account for changes in a debtor's income or expenses when calculating projected disposable income.  The deciding case involved Stephanie Kay Lanning, a debtor who filed Chapter 13 bankruptcy and agreed to pay off $36,700 in unsecured debt in three years.  The bankruptcy trustee objected to the [...]