You may have been awarded a bankruptcy under Chapter 13. This means a payment plan was devised for you that had to be adhered to. Your financial situation may have changed or gotten worse and you can no longer comply with the bankruptcy agreement. So what happens now?...
If your Indiana bankruptcy attorney has determined that it's a Chapter 13 bankruptcy that you must apply for, then he will also explain the process and the probable outcome of this form of debt relief. In this case your debt is not going to be fully discharged....
If you are thinking about going bankrupt then you really want to gain a clear understanding of what bankruptcy exemptions are. These dictate as to what property that you own now will still remain as yours. The exemption rules in Bankruptcy can be quite complex yet...
The majority of people who end up having to go bankrupt have not willingly put themselves in this position. Most struggle at trying to do their best to keep their debt in control. When something unforeseen arises like health issues this can have a devastating effect...
Basically when a bankruptcy discharge is given it means, that person cannot no longer be held liable for the debts that were covered in the bankruptcy proceedings. This means that those creditors cannot harass you for the money owed or take any legal action against...
It can be pretty disappointing and even shocking if you go through an entire bankruptcy process only to have it denied. It should be kept in mind that bankruptcy doesn't mean that all debts are going to be wiped out. Secured debt, or tax debt, and student loan debt...
If you are concerned about whether you have to declare your tax return in your bankruptcy action, then you are in financial trouble. Any extra money coming in can certainly be put to good use, besides going to your creditors. You may be thinking that because your tax...
The chapter 13 bankruptcy is different in many ways compared to the Chapter 7 option. In the chapter 13 bankruptcy you are required to list all of your income and all of your expenses. This is what the bankruptcy trustee uses to determine that you are going to meet...
