You may find yourself weeding through collection letters and phone calls, wondering how you got here. However, some common scenarios may often lead to crushing debt. Bankruptcy is one option you may want to consider to get yourself back on a steady financial path....
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Chapter 13 Bankruptcy
What is the homestead exemption in bankruptcy?
Having to declare bankruptcy can have a serious effect on those who endure it, especially when it comes to the question of how to prevent losing a home. However, residents of Kentucky and Indiana may have the option of keeping their home because of the Homestead...
How are Chapter 13 plan payments calculated?
Prior to going into a Chapter 13 bankruptcy, debtors may not realize that their creditors are different from each other. However, they are, and within a Chapter 13 bankruptcy they will be broken down by type in order to form a viable plan and calculate payments....
When is filing for Chapter 13 bankruptcy a good decision to make?
Filing for bankruptcy is not always a good decision to make. If it is realistic for you to be able to tackle your debts by employing discipline and a good budgeting protocol, it is probably best that you avoid bankruptcy. However, if you are struggling to keep your...
Don’t make these Chapter 13 bankruptcy mistakes
Filing for Chapter 13 bankruptcy can be a positive action for your financial future. By taking this action, you will have a good chance of being able to gain control of your debts over the next few years, and you will also get relief from creditor action. However,...
Understanding the challenges of Chapter 13 bankruptcy
Chapter 13 bankruptcy offers many people the chance to be free from creditor actions and to pay back their debts over a reasonable timeframe. While filing for this bankruptcy chapter offers debtors some unique opportunities, the challenges should not be...
Determining Chapter 13 bankruptcy eligibility
There are many different bankruptcy options available to debtors in a variety of situations. However, debtors need to show that they are eligible for a certain bankruptcy chapter to file. Chapter 13 bankruptcy is desirable for several reasons. First, it limits...
Managing your repayment plan in Chapter 13 bankruptcy
If you have recently filed for Chapter 13 bankruptcy or if you are considering filing, you should be proactive when it comes to understanding the terms of the bankruptcy chapter. Unlike Chapter 7 bankruptcy, which primarily involves the liquidation of assets, Chapter...
Understanding the Chapter 13 bankruptcy filing process
If you are dealing with overwhelming debts, you have probably looked into all of the possible debt relief options available to you. Many debtors arrive at the conclusion that filing for bankruptcy is the best way to ensure a debt-free life in the long term. However,...
How can a monthly payment plan be beneficial in bankruptcy?
It is very common for people to get into debt because they have challenges in the way that they manage their cash flow. Perhaps the complexity of your finances has meant that you are having trouble budgeting effectively and controlling your outgoings. These problems...
