Chapter 13 Bankruptcy and Whether or Not You Should File
A Chapter 13 bankruptcy, commonly called the Wage Earners Plan, is for working people whose median income is above the median income for their state and who cannot pass a Means Test. There are a lot of...
View ArticleThree or Five Years in a Chapter 13 Plan
How do you know whether to file three or a five years in a Chapter 13 plan? This question comes up a lot on bankruptcy forum websites and the answers to the question can vary depending on your...
View ArticleContract for Deed and Bankruptcy
As the opportunity to purchase a home using a traditional mortgage has become more difficult at times over the past several decades, various non-traditional means of obtaining financing have been...
View ArticleMotion to Dismiss and Filing Bankruptcy
When you are filing bankruptcy, whether it is Chapter 7 or Chapter 13, you must follow a defined process as defined by the bankruptcy laws of each state. There are specific forms you must fill out...
View ArticleHome Mortgage and Bankruptcy Options for Eliminating or Restructuring loan
Recently on our bankruptcy forum we had a user ask the following question, “My wife and I are attempting to restructure our home mortgage. However, the bank says that we do not qualify for their...
View ArticleKentucky Chapter 7 bankruptcy do I qualify?
Given the complexity of bankruptcy laws it’s not always easy to understand your bankruptcy options. Recently on our bankruptcy forum a user asked, “If I am single and live in Kentucky and I make...
View ArticleJob loss and I cannot make Chapter 13 payments
Recently on our bankruptcy forum a debtor asked, “What are our options if my spouse and I have been making $1,000 payments on our Chapter 13 debt repayment plan, but my husband recently suffered a job...
View ArticleFiling bankruptcy: It can be more complicated than you think
Every year millions of Americans file for bankruptcy protection. Unfortunately, many do so without fully understanding the process, whether they really needed to file, and whether Chapter 7 or Chapter...
View ArticleBankruptcy Tips for Chapter 7 bankruptcy
Recently on our bankruptcy forum a user asked, “I am in a financial crisis. My spouse has divorced me, I need to find a job, and I am suffering from a severe medical condition. I have not worked in...
View ArticleChapter 7 bankruptcy how do they determine if I can file?
Recently on our bankruptcy forum a user asked, “I have over $35,000 in credit card debt. I have $50,000 in medical bills. I also have an outstanding student loan. I am wondering if I can file Chapter 7...
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