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chapter 13 Archives

Credit Dispute Letters After Bankruptcy

One of the first things you are going to want to do after your bankruptcy has been concluded is to reestablish your credit so you can move forward as you are much more stable with your finances. Naturally you are not going to want to go right back into debt after having had such a bad experience with your finances. However, there may be in the future and need to obtain credit and you need to start building this credit at the conclusion of your bankruptcy.

Converting a Chapter 13 Bankruptcy to a Chapter 7

Many times when an individual files for bankruptcy it ends up that they qualify for a Chapter 13 bankruptcy. This is also a good form of debt relief. Rather than having all or most of the debts discharged, it allows for a debt repayment plan. It entails comprising a plan for paying the debts owed and the payments are monitored by the bankruptcy trustee.

Choosing Chapter 13

If you have been determined to be eligible for a Chapter 13 bankruptcy and are in a tough financial situation then this may be the most a viable solution for you to get on your financial feat once again.

What will Happen with my Home Mortgage in a Chapter 13 Bankruptcy?

One of the main concerns of any individual that is going bankrupt whether it is a Chapter 7 or Chapter 13 is what is going to happen to their home. Most individuals have a mortgage on their home and they have the fear that they are going to lose their property as a result of their bankruptcy.

Your Bank Account In Chapter 13

If you have decided to file for chapter 13 bankruptcy, a court-appointed trustee will review your spending habits for the 90 days prior to filing. Therefore, it is very important to keep track of every purchase you make, to avoid making a fatal mistake. Chapter 13 bankruptcy provides a little more leeway since you still agree to make payments, but it's still best to be careful. Here are some tips for helping you keep track of finances:

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