Chapter 13 Bankruptcy | The Repayment Plan Chapter 13 Bankruptcy . Unless the court grants an extension, under Chapter 13 a bankruptcy debtor must file a repayment plan with the bankruptcy petition, or within 15 days after the petition is filed. A plan must be submitted for court approval and must provide for payments of fixed [...]
Bankruptcy Calculator | What is Bankruptcy? Bankruptcy Calculator . This article will explain the basics of both Chapter 7 and Chapter 13 bankruptcy Bankruptcy is a generalized term for a federal court procedure that helps consumers and businesses get rid of their debts and repay their creditors. If you can prove that you are entitled to [...]
Bankruptcy Lawyer | Who Can File Chapter 7 Bankruptcy Lawyer . Prior to October 17, 2005, it was largely up to a bankruptcy judge to decide whether a debtor met Chapter 7 requirements. Judges, therefore, could use substantial discretion when assessing the debtor's financial situation. As a result, under the old law, most filers chose to [...]
Chapter 7 Bankruptcy | How it Works Chapter 7 Bankruptcy . A chapter 7 case begins with the debtor filing a petition with the bankruptcy court . In addition to the petition, in a chapter 7 bankruptcy case the debtor must also file with the court: Schedules of assets and liabilities; A schedule of current income [...]
Bankruptcy Attorney | Avoiding Credit Repair Scams Bankruptcy Attorney . With over a million Americans filing for bankruptcy each year, and with household debt at record highs, consumers are reaching out to "credit counselors" and "credit repair" companies with increasing frequency. Although there has been a recent surge in the number of these organizations that are [...]
Bankruptcy Lawyer | How to Become Debt Free Bankruptcy Lawyer . Are the bills starting to pile up? Are debt collectors calling you nearly every day? Financial crises can happen to anyone, whether it is caused by illness; job loss; or simply living beyond one's means. Becoming debt-free may seem unattainable, but there are several options [...]
Bankruptcy Lawyer | Fair Debt Collection Act Bankruptcy Lawyer . The Fair Debt Collection Practices Act (FDCPA) was created for the sole purpose of protecting consumers from debt collector harassment by prohibiting certain debt collector behavior. It prohibits debt collectors employed by third party collection agencies from engaging in any form of debt collector harassment, but [...]
Bankruptcy Lawyer | What is a Trustee in Bankruptcy? Bankruptcy Lawyer . In practically every individual consumer bankruptcy case, regardless of whether it falls under Chapter 7 bankruptcy or Chapter 13 bankruptcy, there will be a bankruptcy trustee with various obligations and powers, depending on the case. The Bankruptcy Estate and Bankruptcy Trustee In order to [...]
Bankruptcy Calculator | How The Means Test Works Bankruptcy Calculator . The bankruptcy means test is an objective standard of weighing whether a debtor qualifies for bankruptcy under Chapter 7. Old bankruptcy law often made it relatively easy for filers to meet the criteria since bankruptcy courts used considerable discretion in determining eligibility. However, Congress passed [...]
Bankruptcy Lawyer | Is Bankruptcy a Good Idea For You? Bankruptcy Lawyer . Is Bankruptcy a Good Idea for You? There are many factors that should be taken into account when considering filing for bankruptcy. 1. Figure out what bankruptcy options you have. There are types of bankruptcy most commonly used by individual filers in the [...]